China retail sales rise 2.5% in early months

Retail sales of goods and services in China increased by 2.5% during the first eight months of 2026, reaching 32.76 trillion yuan (approximately $4.84 trillion). Notably, service sales grew by 4.9%, particularly in the telecommunications, tourism, and cultural sectors. Online sales also saw a rise of 4.6%, with e-commerce sales increasing by 4.3%. In August alone, retail sales amounted to 3.98 trillion yuan, up 0.4% compared to the same period last year.

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