On Oct. 22 MOFCOM Market Operation and Consumption Promotion Director Yang Mu
told a State Council press briefing that final consumption expenditure has
accounted for an average 55% of China’s annual GDP growth since the 18th Party
Congress. He said total retail sales of consumer goods reached 50.1 trillion
yuan in 2025, 2.4 times the 2012 level, and have expanded at an average 7.1% a
year since the 18th Party Congress.
