In the first eight months of the current year, China’s total retail sales of consumer goods amounted to RMB 24.2294 trillion ($3.55 trillion), up 9.3 percent year on year, as announced by China’s National Bureau of Statistics (NBS) on September 14. In August alone, China’s total retail sales of consumer goods amounted to RMB 3.1542 trillion ($0.46 trillion), up 9.0 percent year on year.
In particular, in the first eight months, total automotive vehicle sales in China reached a value of RMB 2.4735 trillion ($0.36 trillion), increasing by 1.3 percent year on year.