Boosted by government intervention, retail sales ended up 4.6% in the first quarter ended March 2025 in China (year-on-year). Last year, they ended at 3.2% at the end of December 2024. According to the National Bureau of Statistics, sales in the sports and leisure sector jumped 25.4% (compared with 11.1% last year), household appliances rose 19.3%, furniture 18.1% and food 12.2%. Household appliances and electronics, in particular, benefited from governmental support measures (trade-ins for...
With active support from Beijing, Chinese retail is beginning a fragile recovery
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