China's retail sales up 3.5% YoY in 2024

Insights

• China's retail sales of consumer goods rose by 3.5 per cent YoY last year, according to data from the National Bureau of Statistics.
• Total retail sales of consumer goods reached 48.79 trillion yuan ($6.79 trillion) last year.
• In December alone, the retail sales of consumer goods rose by 3.7 per cent YoY.
• The retails sales figure is a major indicator of the country's consumption strength.