3 Days
Source:
المشهد العربي
Beijing aims for $9 trillion retail sales
The Chinese government aims to raise retail sales of consumer goods to approximately $9 trillion by 2030, with the goal of boosting household spending's contribution to economic growth. This plan is part of the five-year plan for 2026-2030, which includes improving household incomes, developing the social security system, and removing barriers that hinder spending on cars, housing units, and entertainment activities. Retail sales in 2025 totaled about 50.1 trillion yuan, with consumer spending contributing 58.8% to economic growth during 2021-2025—an increase of 10 percentage points compared to the previous plan.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)