The added value of China's wholesale and retail trade grew by 5.8 per cent year on year (YoY) to reach 3.3 trillion yuan (~$457.98 billion), or 10.4 per cent of the country's gross domestic product (GDP), in the first quarter (Q1) this year, according to data from the National Bureau of Statistics.The retail sales of goods reached 11 trillion yuan (~$1.5 trillion) in the quarter—a YoY rise of 4.6 per cent, a state-controlled media outlet reported.
The added value of China's wholesale and retail trade grew by 5.8 per cent YoY to reach 3.3 trillion yuan ($457.98 billion), or 10.4 per cent of the country's GDP, in Q1 2025, official statistics show.
The retail sales of goods reached 11 trillion yuan ($1.5 trillion) in the quarter—a YoY rise of 4.6 per cent.
The transaction volume of industrial consumer goods markets rose by 0.8 per cent YoY.
The transaction volume of key commodity markets in the wholesale industry reached 1.3 trillion yuan during the period, while the transaction volume of industrial consumer goods markets increased by 0.8 per cent YoY, the ministry said.
Fibre2Fashion News Desk (DS)
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