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Retail consumer sales up
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China’s retail sales of consumer goods are expected to hit 44 trillion yuan (US$6.8 trillion) in 2021, an official said yesterday.
The estimated figure represents an increase of about 12.5 percent from last year and 8 percent from 2019, said Wang Bin, an official with the Ministry of Commerce
Considering the growth month by month in the second half of 2020, the year-on-year growth trend of consumption will be “low-after-high” throughout this year, Wang said, adding that the country’s consumption will continue its steady recovery in the fourth quarter.
For the upcoming National Day holiday, during which robust consumption is expected, the country is strengthening market monitoring and releasing inventories to ensure the adequate supply of daily necessities, Wang said.
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