China retail sales rise 2.5% in first eight months

China experienced a 2.5% increase in retail sales of goods and services during the first eight months of 2026, reaching 32.76 trillion yuan (approximately $4.84 trillion). Data showed that service sales rose by 4.9%, surpassing the 1% growth in merchandise sales. Additionally, e-commerce sales increased by 4.6%, totaling 13.48 trillion yuan, with gains in online goods and service sales, reflecting a recovery in consumer spending across the country.

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