Consumer Market Sustains Warming Momentum with Policy-Driven Growth

【Consumer Market Maintains Warming Momentum】

Driven by a series of policies to boost consumption, China's overall consumption situation has continued to improve this year. According to data from the National Bureau of Statistics (NBS), the total retail sales of consumer goods in Q1 reached 12,467.1 billion yuan, up 4.6% YoY, with the growth rate accelerating by 1.1 percentage points compared to the full year of the previous year. Many experts stated that the next step is to actively stabilize employment, promote income growth, reduce burdens, enhance residents' consumption capacity, continuously optimize the consumption environment, increase the supply of high-quality consumption, and maintain the sustained warming momentum of the consumer market.