In July this year, China’s total retail sales of consumer goods amounted to RMB 2.4339 trillion ($0.38 trillion), up 10.5 percent year on year, while the figure totaled RMB 16.5916 trillion ($2.59 trillion) in the January-July period of the current year, up 10.4 percent year on year, as announced by China’s National Bureau of Statistics.
In particular, total automotive vehicle sales in China amounted to a value of RMB 272.1 billion ($42.52 billion) in July, while totaling RMB 1.9455 trillion ($0.30 trillion) in the January-July period, up 2.5 percent and 4.3 percent year on year, respectively.