MOSCOW, 16 Mar – Project “Russia-China: Main”. In the first two months of this year, consumer goods retail in China, the main indicator of consumption growth, rose 33.8% year on year to 6.97 trillion yuan (about $ 1.07 trillion).
This is evidenced by data released on Monday by the State Statistical Office of the PRC.
This figure turned out to be 6.4% more than in the same period in 2019. Over the past two years, the average annual growth in retail sales of consumer goods in the country reached 3.2%.
Retail sales of consumer goods excluding automobiles in January-February this year increased 30.4% year on year to 6.3 trillion yuan.
In particular, the figure in urban areas increased by 34.9% to 6.06 trillion yuan, and in rural areas – by 26.7% to 918.5 billion yuan.
Revenue of catering enterprises for this period increased by 68.9% on an annualized basis. Russia-China: Main