China's retail sales of consumer goods down 0.1% YoY in Jan-Nov 2022

The country’s online sales of physical goods soared 6.4 per cent YoY during the January-November 2022 period, accounting for 27.1 per cent of the total retail sales of consumer goods, Chinese media reports said quoting the NBS statement.

The retail sales of brick-and-mortar stores also grew during the period.

Thanks to the implementation of pro-consumption measures and optimised COVID-19 response, China's retail sales are expected to steadily recover.

ALCHEMPro News Desk (DP)