China's retail sales increased 5.5% YoY in Jan-Feb 2024, with online sales up 15.3% and accounting for 22.4% of total sales.
China's retail sales of consumer goods increased 5.5% year-on-year in January-February 2024, according to official data from the National Bureau of Statistics. Online retail sales jumped 15.3%, with online sales of physical goods expanding 14.4% and accounting for 22.4% of the total retail sales. China aims to boost domestic demand and promote steady growth in consumer spending this year.
March 18, 2024
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