China's consumer market sees rapid expansion, higher quality over decade: MOC official

HAIKOU, April 11 (Xinhua) -- China's consumer market has seen notable progress in scale and quality over the past decade, a Ministry of Commerce official said on Tuesday.

The country has become the world's second-largest consumer market. Retail sales of consumer goods in China exceeded 40 trillion yuan (about 5.81 trillion U.S. dollars) in 2019 and hit 44 trillion yuan in 2022, more than double the 2012 figure, said Xu Xingfeng, director of the Ministry of Commerce's consumption promotion department, at a global consumption innovation, duty free and travel retail conference being held as part of the ongoing third China International Consumer Products Expo.