Major Provinces Unveil 2025 Retail Sales Growth Targets Amid Confidence in Consumer Market

Publicado: Jan 26, 2025 07:40
Promoting consumption is the primary lever for expanding domestic demand. At the recently held local Two Sessions, several major economic provinces announced their 2025 growth targets for total retail sales of consumer goods. Among them, Henan set a target of around 6%, while Jiangsu, Zhejiang, Guangdong, and Sichuan set targets of approximately 5.5%, over 5%, around 5%, and 5%, respectively. Tian Lihui, Dean of the Nankai University Institute of Financial Development, stated in an interview with reporters that the 2025 growth targets for total retail sales of consumer goods set by several major economic provinces at 5% or above demonstrate local governments' confidence in the consumer market and their positive expectations for economic growth.

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