China’s Consumer Market Shows Steady Growth as 2024 Closes
China’s consumer market is thriving as 2024 comes to a close, with significant growth in retail sales and government policies boosting spending to drive economic expansion.
Consumer Growth
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China’s E-Commerce Boom Fuels 8.8% Consumption Growth
From January to October, China’s online retail sales reached 12.4 trillion yuan ($1.71 trillion), up 8.8%. Online shopping festivals and trade-in policies are driving consumer spending.