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China's Retail Sales 2024

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

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

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China’s Visa-Free Policies Drive Record Inbound Travel Growth in 2024

China’s expanded visa-free policies in 2024 have significantly boosted inbound travel, with the number of foreign trips doubling compared to the previous year. According to the National Immigration Administration (NIA), more than 20 million visa-free inbound trips were recorded, representing an impressive 112.3% increase year-on-year.

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