Total retail sales of consumer goods in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year. Photo: Reuters Total retail sales of consumer goods in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year. Photo: Reuters
Total retail sales of consumer goods in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year. Photo: Reuters

China’s retail sales strengthen in first half of year, but clouds hang over consumer spending

  • China’s total retail sales in the first six months of the year were 9 per cent higher than the same period in 2019, underscoring a strong post-pandemic rebound
  • But significant uncertainty remains in the long-term outlook, with consumer confidence in China not steady yet at pre-Covid levels, analysts say

Topic |   China economy
Total retail sales of consumer goods in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year. Photo: Reuters Total retail sales of consumer goods in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year. Photo: Reuters
Total retail sales of consumer goods in the first half of the year rose 23 per cent to 21.2 trillion yuan (US$3.2 trillion) from the same period last year. Photo: Reuters
READ FULL ARTICLE