China’s retail sales hit 44tr yuan in 2022

23.01.2023

China’s consumer market remained generally stable in 2022 with retail sales of nearly 44 trillion yuan ($6.49 trillion) despite the epidemic, and more measures are underway to boost consumption this year, according to the Ministry of Commerce (MOFCOM).

Vice Minister Sheng Qiuping said at a press conference on Thursday that the...