Retail Sales of Social Consumer Goods in 2019 Increased by 8%
by Zach 2020-01-17
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source: guandian

According to statistics from the National Bureau of Statistics of China, total retail sales of social consumer goods in 2019 stood at ¥4.11649 trillion, a year-on-year growth of 8.0% (real growth stood at 6.0% when price factors were taken into account, the growths in the following text refer to growth in name). Retail sales of consumer goods except cars stood at ¥3.72260 trillion, increasing by 9.0%. Total retail sales of social consumer goods was ¥3.8777 trillion, a year-on-year increase of 8.0%. Retail sales of consumer goods except cars was ¥3.4349 trillion, increasing by 8.9%.