According to the Nanyang Statistics Bureau, in the first quarter retail sales of consumer goods in the city reached 49.13 billion yuan ($ 7.58 billion), a year-on-year increase of 28.5 percent and a growth rate 0.4 percent higher than that of the province.

Retail sales of grain, oil and food commodities were 719 million yuan, a year-on-year increase of 15.2 percent, retail sales of tobacco and alcohol products were 280 million yuan, a year-on-year increase of 34.6 percent, retail sales of beverages were 203 million yuan, a year-on-year increase of 15.6 percent, and daily necessities realized retail sales of 213 million yuan, a year-on-year increase of 26.9 percent.

The growth rate of retail sales of oil products and automobile bulk commodities is gratifying, and the effect is obvious. Data show that retail sales of petroleum products in the first quarter were 1.12 billion yuan; an increase of 25.8 percent year-on-year, while retail sales of automobiles in the first quarter was 2.48 billion yuan, an increase of 72.4 percent year-on-year.

Data show that in the first quarter, the retail sales of gold, silver and jewelry products reached 304 million yuan, a year-on-year increase of 48.9 percent, cosmetics products achieved retail sales of 94 million yuan, a year-on-year increase of 51.6 percent, wearable smart products increased by 28.3 percent, and household appliances and audio-visual equipment products increased by 49.4 percent. Specifically, high-end smart home appliances and audio-visual equipment increased by 31.3 percent and 66.8 percent respectively.

In addition, the city's retail sales of home and household consumer goods were also up significantly. The retail sales of construction and decoration materials, furniture, and hardware and electrical materials all rose compared with the same period of the previous year, increasing by 30.1 percent, 46.5 percent and 51.1 percent respectively.