In May 2019, the total retail sales of consumer goods reached 3,295.6 billion yuan (US$479.15 bn), up by 8.6 percent year-on-year (nominal growth rate. The real growth rate was 6.4 percent) according to National Bureau of Statistics of China. The retail sales of consumer goods of units above-designated size were 1,169.4 billion yuan (US$170.02 bn), […]
China’s retail sales of consumer goods rose 16.9% year-on-year to 1.47 trillion yuan ($226.77 billion) in May this year, the National Bureau of Statistics (NBS) announced on Tuesday.
Chinese consumers’ confidence has reached levels not seen since 2007, according to the China Economic Monitoring and Analysis Center (CEMAC), jointly run by China’s National Bureau of Statistics and the Nielsen Company. For the survey, they interviewed over 3,500 Chinese shoppers in ities, towns and rural villages, and concluded that the consumer confidence index has […]