In the first quarter of the current year, China’s total retail sales of consumer goods amounted to RMB 9.0275 trillion ($1.44 trillion), up 9.8 percent year on year, as announced by China’s National Bureau of Statistics (NBS) on April 17. In March alone, China’s total retail sales of consumer goods amounted to RMB 2.9194 trillion ($0.46 trillion), up 10.1 percent year on year.
In particular, in the first quarter, total automotive vehicle sales in China reached a value of RMB 939.8 billion ($149.5 billion), increasing by 7.4 percent year on year.