China's retail sales expected to exceed 40 trln yuan

0 Comment(s)Print E-mail Xinhua, December 31, 2019
Adjust font size:
People visit the Yiwu Imported Commodities Incubator Zone in Yiwu, east China's Zhejiang Province, Nov. 23, 2019. [Photo/Xinhua]

China's retail sales of consumer goods reported robust growth in 2019 amid steady overall consumption market development.

Sales of consumer goods are expected to exceed 41.1 trillion yuan (about 5.89 trillion U.S. dollars) in 2019, up 8 percent year on year, data from the Ministry of Commerce (MOC) showed Monday.

The revenue of the catering industry is expected to gain 9.4 percent year on year, while the proportion of service consumption is estimated to rise 0.7 percentage points year on year.

China's express delivery market is expected to cover more than 90 percent of the country's rural areas this year, and the growth rate of cross-border e-commerce retail imports is expected to exceed 30 percent, said the MOC.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter