China’s retail sales of consumer goods, a major indicator of the country’s consumption strength, climbed four percent year on year in the first two months of 2025, official data showed on Monday.
Total retail sales reached over 8.37 trillion yuan, according to the National Bureau of Statistics.
Retail sales of consumer goods, excluding automobiles, reached over 7.68 trillion yuan, up 4.8 percent.
Fixed-asset investment went up 4.1 percent, 0.9 percentage points higher than the full-year growth rate of 2024.
The investment amounted to 5.2619 trillion yuan.
Investment in infrastructure construction rose 5.6 percent while manufacturing investment increased 9 percent.
Excluding the property sector, the country’s fixed-asset investment rose 8.4 percent.
Investment in property development fell 9.8 percent. (Xinhua)
