MIL-OSI China: China’s retail sales up 7.2% in 2023

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Source: China State Council Information Office

A consumer selects vegetables at a supermarket in Wuxi, east China’s Jiangsu Province, Jan. 12, 2024. [Photo/Xinhua]
China’s retail sales of consumer goods, a major indicator of the country’s consumption strength, climbed 7.2 percent year on year in 2023, official data showed Wednesday.
Total retail sales of consumer goods reached 47.15 trillion yuan (about 6.63 trillion U.S. dollars) last year, according to the National Bureau of Statistics (NBS).
In December alone, the retail sales of consumer goods rose 7.4 percent year on year, according to the NBS.

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