In the period under review, urban retail sales declined 0.3 percent year on year to 11.99 trillion yuan ($1.76 trillion). Sales in the countryside increased by 0.4 percent to 1.82 trillion yuan ($268.2 billion).
Consumer goods retail sales declined 11.1 percent in April compared to April 2021, to 2.95 trillion yuan ($434.18 billion).
Online retail sales grew 3.3 percent to 3.87 trillion yuan ($569.8 billion) from January to April, with physical goods sales up 5.2 percent to 3.28 trillion yuan ($484.3 billion).
Catering revenues declined 5.1 percent year on year to 1.32 trillion yuan ($195.3 billion), with the year-on-year figure falling 22.7 percent to 260.9 billion yuan ($38.4 billion) in April due to the ongoing Shanghai quarantine.
Last year, China’s retail sales increased by 12.4% to 44.082 trillion yuan ($6.93 trillion). The value of online retail sales increased by 12% to 10.804 trillion yuan ($1.7 trillion).
source: globaltimes.cn
