What China’s latest retail sales reveal about changing consumer spending
Inside Retail
APRIL 24, 2024
per cent in the first quarter, with consumer goods up 3.1 Since retail trade is a key input into broader consumer spending, which in turn is a massive component of GDP (as much as 45 per cent by some estimates), it stands to reason that the retail series might be a bit wonky too. Officially then, China’s retail sales rose by 4.7
Let's personalize your content