China March Retail Sales Up 10.6%, Significantly Exceeding Expectations

China's retail sales in March exceeded expectations, rising 10.6% year-on-year.

On the 18th, the National Bureau of Statistics of China announced that China's retail sales in March increased by 10.6% compared to the same period last year. This significantly surpasses the previous month's figure (3.5%) and the forecast (7.4%). It is the first time since June 2021, when the monthly retail sales growth rate was 12.1%, that China's monthly retail sales growth rate has reached double digits.

China's retail sales reflect changes in various types of consumer spending, including department stores and convenience stores.

This content was produced with the assistance of AI translation services.