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Sunday, 16 May 2021 12:49 GMT

China: Retail trade rises 33.9 pct in Jan.-Mar.


( MENAFN ) During the January-March period of 2021, retail sales of consumer commodities in China, a key gauge of the nation's consumption vigor, further recovered as the economy revived from the coronavirus effect.

On Friday, Apr. 16 the National Bureau of Statistics (NBS) reported that during the first three months, retail trade climbed 33.9 percent annually, reaching 10.5 trillion yuan (around USD1.6 trillion), reversing from drops during the same period last year.

According to the NBS, average first quarter expansion for the last two years came in at 4.2 percent.

Last month, retail trade rose 34.2 percent annually and was higher by 12.9 percent from the 2019 level. The two-year average expansion reached 6.3 percent.


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