China’s Online Retail Sales Up 11.5% in January-April Period

China's online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed. The country's online retail sales rose 11.5% year on year to 4.41 trillion yuan (abo...

China’s online retail sales saw steady expansion in the first four months of 2024, with emerging growth forces continuing to boost consumption, official data showed.

The country’s online retail sales rose 11.5% year on year to 4.41 trillion yuan (about $620.52 billion) during the period, according to the Chinese Ministry of Commerce.

Specifically, online retail sales of physical goods climbed 11.1% year on year to 3.74 trillion yuan, contributing 23.9% of China’s retail sales of consumer goods, the ministry said.

Source: Qatar News Agency