Shanghai tops China's consumption city list in H1

China's financial city Shanghai topped the country's consumption city list in the first half of this year, Yicai reported on Monday.

Total retail sales of consumer goods in Shanghai reached 904.84 billion yuan ($139.99 billion) in H1, up 30.3 percent year-on-year.

According to the Statistics Bureau of Shanghai, upgraded consumer goods contributed to the greatest consumption growth.

Retail sales of gold, silver and jewelry increased 72.4 percent year-on-year and that of cosmetics and communication equipment witnessed 24 percent and 19.2 percent, respectively, on a yearly basis.

With total retail sales of consumer goods in H1 at 772.75 billion yuan, up 21 percent year-on-year, China's capital city Beijing grabbed second place on the list, followed by Chongqing and Guangzhou.

Chengdu in Southwest China's Sichuan province replaced Shenzhen in South China's Guangdong province to become fifth on the list.

Innovative city Shenzhen was sixth in terms of consumption in H1, followed by Suzhou, Nanjing, Wuhan and Hangzhou.

The total social consumption of the top 10 Chinese cities surpassed 300 billion yuan in the first half of the year.

Consumption has become the main engine to promote China's economic growth. With effective containment of the COVID-19 pandemic, China's economy will continue to recover and more consumption potential is expected to be unleashed.