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CN Oct Consumption Mkt Grows Steadily w/ Total Retail Sales of Social Consumer Goods Rising 2.9% YoY: MOC
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In October, China's consumption market maintained a steady growth momentum and continued to unleash consumption potential thanks to the National Day and Mid-Autumn Festival holidays, according to the consumption promotion unit under the Ministry of Commerce (MOC). Data from the National Bureau of Statistics shows that China's total retail sales of social consumer goods grew by 2.9% YoY to RMB4.63 trillion in October. In 10M25, total retail sales of social consumer goods climbed by 4.3% to RMB41.2 trillion, a growth rate 0.8 ppts higher than the same period last year. AAStocks Financial News |
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