XINHUA – China’s wholesale and retail sectors have logged strong momentum in the first three months of 2025, providing solid support for expanding domestic demand in the country, the Commerce Ministry said yesterday, reported Xinhua.
From January to March, the added value of China’s wholesale and retail trade grew by 5.8 per cent from a year earlier to reach CNY3.3 trillion (about USD457.98 billion), or 10.4 per cent of the country’s gross domestic product, according to data from the National Bureau of Statistics. During the period, the transaction volume of key commodity markets in the wholesale industry reached CNY1.3 trillion, while the transaction volume of industrial consumer goods markets increased by 0.8 per cent year on year, the ministry said.
For the retail industry, the retail sales of goods reached CNY11 trillion in the first three months, increasing by 4.6 per cent year on year.
China has seen about 100.35 million new home appliances sold under its consumer goods trade-in programme, with over 40 million appliances sold in 2025, according to the ministry.
