Ministry of Commerce: The long-term good fundamentals of China's consumer market remain unchanged
Xu Xingfeng said that China's consumer market is resilient, potential and dynamic, and the long-term good fundamentals remain unchanged. With the implementation of various policies and measures to expand domestic consumption, the consumer market will continue to show a recovery trend in 2023, he said. The Ministry of Commerce released the "2022 China Consumer Market Development Report" at the Consumer Expo. The report shows that in 2022, the total retail sales of consumer goods will reach 44 trillion yuan (RMB)
Source: tellerreport.com