Chinese Mainland Trade-In Program Boosts 109M Appliance Upgrades
The Chinese mainland’s trade-in program has driven over 109 million appliance swaps, generated 1.1 trillion yuan in sales and lifted consumer goods retail growth to 5%.
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Chinese mainland Retail Sales Surge 6.4% in May; Fastest Growth Since Dec 2023
Retail sales on the Chinese mainland jumped 6.4% in May, marking the fastest growth since December 2023. Holiday spending, subsidies, tourism and early shopping festivals sparked the surge.
China Launches 3-Year Plan to Boost Consumer Market
China unveils a three-year action plan to optimize the consumer environment, aiming to boost domestic consumption and enhance retail growth.
E-Commerce Explosion in the Chinese Mainland Drives 8.8% Retail Growth
Online retail sales in the Chinese mainland surged 8.8% to $1.71 trillion from January to October, driven by shopping festivals and trade-in policies.
Chinese Mainland to Boost Domestic Spending with November Consumption Events
The Chinese mainland is launching nationwide consumption promotion events in November to boost domestic demand and support economic growth, focusing on major cities and introducing incentives.
China’s Tourism Spending Surges: A Boon for Global Retail
China’s tourism spending rebounds with trips and spending soaring post-pandemic, offering new opportunities for global retailers and brands.
China’s Premier Li Qiang Champions High-Tech Innovation to Fuel Economic Growth
Chinese Premier Li Qiang emphasizes the crucial role of high-tech innovation in sustaining robust economic growth, highlighting retail sales growth and proactive fiscal policies.