In the first five months of the current year, China’s total retail sales of consumer goods amounted to RMB 14.9176 trillion ($2.33 trillion), up 9.5 percent year on year, as announced by China’s National Bureau of Statistics (NBS) on June 14. In May alone, China’s total retail sales of consumer goods amounted to RMB 3.0359 trillion ($0.47 trillion), up 8.5 percent year on year.
In particular, in the first five months, total automotive vehicle sales in China reached a value of RMB 1.5588 trillion ($0.24 trillion), increasing by 4.8 percent year on year.