China's Q1 2024 retail sales of consumer goods rose upto 4.7%.

China's retail sales of consumer goods rose 4.7% year-on-year in Q1 2024, official data showed, as the country's urban retail sales increased 4.6%, while rural sales expanded 5.2%. Online retail sales surged 12.4%, with physical goods sales up 11.6%, accounting for 23.3% of total consumer goods sales. China plans to expand domestic demand and promote steady growth in consumer spending this year.

April 16, 2024
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