Consumption to witness robust uptrend in China next year

In October, retail sales climbed 4.3% on a yearly basis, up one percentage point from the 3.3% gain in September.

BEIJING: Consumption is expected to see a robust uptrend in China next year on the back of strong domestic demand and various other measures, officials from the Ministry of Commerce said.

“Despite the Covid-19 effect in the first quarter of the year, consumption in key sectors such as automobiles, home appliances, catering sector and commodities witnessed a stable recovery in the last few months, as the strict prevention and control measures to keep the disease at bay started yielding results, ” said Wang Bingnan, Vice-Minister of Commerce.