- China’s total retail sales of consumer goods is growing steadily
In August 2020, the retail sales of consumer goods in China totaled RMB 3.36 trillion, a year-on-year increase of 0.5%. Statistics show, though the YoY growth rate of total retail sales of consumer goods was severely affected by the COVID-19 pandemic in January and February (at -20.5% YoY), China's effective prevention and control measures have enabled the figure to rebound in February to August, when it turned to positive. People's life has gradually returned to normal, leading to continued increase of market sales.