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China’s Retail Sales Hit $6.79 Trillion in 2024, Up 3.5% YoY

China's Retail Sales 2024

China’s retail sales of consumer goods, a critical barometer of the nation’s consumption strength, achieved a robust 3.5% year-on-year growth in 2024, reaching an impressive ¥48.79 trillion ($6.79 trillion USD), according to official data from the National Bureau of Statistics (NBS). This growth reflects China’s resilience in consumer spending and its ability to adapt to […]