Home breadcru News breadcru Results breadcru China's retail sales at 7.44 tn yuan in Jan-Feb 2022

China's retail sales at 7.44 tn yuan in Jan-Feb 2022

18 Mar '22
1 min read
Pic: Shutterstock.com
Pic: Shutterstock.com

The retail sales of consumer goods in China climbed 6.7 per cent year-on-year (YOY) to 7.44 trillion yuan (about $1.17 trillion) in the first two months of 2022, according to National Bureau of Statistics (NBS). The country’s retail sales growth rate was 5 per cent more when compared to December 2021.

The country’s online retail sales reached 1.96 trillion yuan, an increase of 10.2 per cent YOY, Chinese media reports said quoting NBS.

Furthermore, China’s retail sales in urban areas reached 6.46 trillion yuan during the two months, up 6.7 per cent YOY, while the retail sales in rural areas increased 7.1 per cent YOY.

The overall retail sales of goods increased by 6.5 per cent when compared to last year’s sales to reach 6.67 trillion yuan, as per NBS.

ALCHEMPro News Desk (SF)

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