Apple News Facebook Twitter 新浪微博 Instagram YouTube Sunday, Jan 24, 2021

China retail sales growth expected to exceed 10 pct in 2021: report

(Xinhua)    13:18, January 24, 2021

A host sells hot dry noodles, a popular dish in Wuhan, Hubei province, and other food products on a livestream broadcast from the 29th China Food Expo on Dec 3. [Photo by ZHAN SONG/CHANGJIANG DAILY]

BEIJING - China's consumption will see a rapid recovery this year on the back of a firming economy and pro-consumption measures, a report predicted.

The growth in the country's retail sales of consumer goods will likely exceed 10 percent this year, the China General Chamber of Commerce said in a report.

One of the hardest-hit by the epidemic, China's retail sales of consumer goods saw a 3.9-percent fall in 2020. The key barometer of consumption has gradually picked up in recent months, growing 4.6 percent in the fourth quarter of last year, nearing the sector's pre-epidemic levels.

As China's economy continues to firm up in 2021 and policies to boost consumption get implemented, the indicator will see accelerated growth, the report said.

The report also identified potential trends in China's consumption this year, including a fast recovery of the catering industry as well as growing opportunities for cross-border e-commerce brought by the signing of the Regional Comprehensive Economic Partnership.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)
(Web editor: Liang Jun, Bianji)

Add your comment

Most Read

Hot News

We Recommend


prev next