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CN Overall Consumer Mkt to Continue Staying on Stable Uptrend in 1Q25: MOC
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A spokesperson for China's Ministry of Commerce (MOC) stated at a press conference that the overall consumer market will maintain a steady uptrend in 1Q25 along with the expansion of the trade-in policy for consumer goods and the orderly conduct of various consumption promotion activities. During the 2025 Spring Festival, sales of key retail and catering enterprises across China increased by 4.1% YoY, achieving a stable start for the consumer market, according to the MOC's big data monitoring. In terms of goods consumption, sales of home appliances and communication equipment by key monitored retail enterprises grew by more than 10% YoY. In terms of service consumption, domestic travel spending during the Spring Festival holiday reached RMB677 billion, up 7% YoY. AAStocks Financial News |
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