In July this year, China’s total retail sales of consumer goods amounted to RMB 2.961 trillion ($0.449 trillion), up 10.4 percent year on year, as announced by China’s National Bureau of Statistics (NBS) on August 14.
In the January-July period this year, China’s total retail sales of consumer goods reached RMB 20.1978 trillion ($3.06 trillion), rising by 10.4 percent year on year. In particular, in the given period, total automotive vehicle sales in China reached a value of RMB 2.2779 trillion ($0.345 trillion), rising by 5.6 percent year on year.