As 2024 comes to a close, China's consumer market is lighting up like never before! 🎆 With policymakers eager to boost spending, the economy is set for a thrilling ride. Buckle up, folks! 🚀
From January to November this year, the Chinese mainland's total retail sales of consumer goods soared to nearly 45 trillion yuan ($6.25 trillion), marking a 3.5% growth compared to last year. Talk about some serious shopping spree! 🛍️
What's driving this boom? Let's break it down:
- Sales of home appliances, automobiles, and home furnishings shattered the 1 trillion yuan mark. 🏠🚗
- Annual express delivery volume zoomed past 150 billion items for the first time ever. That's a whole lot of packages! 📦
The online and offline markets are buzzing with energy:
- Online retail sales topped 14 trillion yuan, up 7.4% year-on-year. Click, click, boom! 💻
- Offline consumer activity index rose by 6.2%. Streets are bustling again! 🌆
- Consumer services activity index jumped by 18.3%, with 12 provinces and cities rocking growth rates over 20%. Let's hear it for the hometown heroes! 🏙️
All signs point to a vibrant and thriving consumer market in China. With these impressive numbers, 2025 is looking even brighter. Shine on! ✨
Reference(s):
cgtn.com
