June 16 — National Bureau of Statistics spokesman and chief economist Fu Linghui said the NBS this month published, for the first time, a combined retail sales of consumer goods and services indicator. January–May combined retail sales rose 2.8% YoY. Fu said goods retail fell slightly in May, attributing the decline to a high year-earlier base and weather-related (heat and heavy rain) weakness in offline consumption in some regions, but on a combined goods-and-services basis the consumption mark

June 16 — National Bureau of Statistics spokesman and chief economist Fu Linghui said the NBS this month published, for the first time, a combined retail sales of consumer goods and services indicator. January–May combined retail sales rose 2.8% YoY. Fu said goods retail fell slightly in May, attributing the decline to a high year-earlier base and weather-related (heat and heavy rain) weakness in offline consumption in some regions, but on a combined goods-and-services basis the consumption market remains stable and the trend toward quality upgrading is unchanged.