Story perspectives

China's Trade Policy Fuels 3.5% Retail Sales Surge

1/25/2025

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Summary

Story summary

In 2024, China's trade-in policy facilitated the exchange of over 6.8 million vehicles and 62.76 million appliances.
Total retail sales of consumer goods reached 48.8 trillion yuan, marking a 3.5% increase from 2023.
Online retail sales grew by 7.4%, with agricultural products seeing a significant rise of 15.8%.
Five international consumption centers nearly doubled their inbound foreign visitors.
The establishment of 5,188 living circles benefited approximately 120 million people.

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Story summary

In 2024, China's trade-in policy facilitated the exchange of over 6.8 million vehicles and 62.76 million appliances.
Total retail sales of consumer goods reached 48.8 trillion yuan, marking a 3.5% increase from 2023.
Online retail sales grew by 7.4%, with agricultural products seeing a significant rise of 15.8%.
Five international consumption centers nearly doubled their inbound foreign visitors.
The establishment of 5,188 living circles benefited approximately 120 million people.