China sees surge in retail sales with 10.1% YoY growth in November

Insights

• China's retail sales of consumer goods rose 10.1 per cent year-on-year in November 2023, up from 7.6 per cent in October, according to the National Bureau of Statistics.
• From January to November, total retail sales reached 42.79 trillion yuan (about $6.03 trillion), a 7.2 per cent increase from last year, indicating a robust consumption trend.