Posted inChina

Despite downturn, consumption can still grow, says official

Despite the economic downturn, Chinese consumption still has potential for growth, said Gao Feng, the spokesman for the Ministry of Commerce, The Beijing News reported. In 2018, the total retail sales of social consumer goods reached 38.1 trillion yuan, a year-on-year increase of 9%. The total value has reached a historical high, but the growth rate […]

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