Published 2 years ago

China’s retail sales grow 12.5% in 2021 but slowdown in Dec raises alarms

Summary by Ground News

China's retail sales rose 12.5% in 2021, a turnaround from the 3.9% dip in 2020. Retail sales hit 44.08 trillion yuan ($6.95 trillion) despite sporadic COVID-19 outbreaks, a power crunch and disrupted global supply chains. Sales of consumer goods rose 11.8 percent in 2021 compared with the year earlier, while revenue in catering services surged 18.6 percent.

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Global Times

China’s retail sales grow 12.5% in 2021 but slowdown in Dec raises alarms

China's retail sales, a reflection of nation-wide consumption, rose 12.5 percent in 2021, turning the tables on a 3.9 percent dip in 2020 despite the coronavirus continuing to resurge in the country and bite the global economy, statistics from National Bureau of Statistics (NBS) released on Monday showed.

2 years ago·Beijing, China

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