MOFCOM said Jan-May 2026 total retail sales of consumer goods and services rose
2.8% YoY. Retail goods sales were 20.6 tln yuan, up 1.4% YoY; non-auto goods
retail rose 2.7% YoY. Retail services increased 5.4% YoY. In May, domestic
retail penetration of new energy vehicles reached 62.9%, a record high. MOFCOM
platform sales data for Jan-May show smart glasses sales up 2.8x YoY, handheld
imaging devices up 24.2% YoY, smart blood-glucose meters up 14.7% YoY and
organic food up 3.6% YoY.
