China’s economy demonstrated strong momentum in October, with major economic indicators showing significant improvement, according to Fu Linghui, spokesperson for China’s National Bureau of Statistics, at a press conference on Friday.
The total retail sales of consumer goods reached 4,539.6 billion yuan (about $627 billion), marking a year-on-year increase of 4.8 percent. This surge reflects a robust consumer market and a steady recovery in domestic demand.
Additionally, the total value of imports and exports of goods amounted to 3,700.7 billion yuan (about $511 billion), representing a year-on-year increase of 4.6 percent. The healthy trade figures indicate China’s resilience in foreign trade despite global economic challenges.
Fu Linghui highlighted that these positive trends underscore the steady progress of China’s economic development and its capacity to maintain growth amid a complex international environment. The continued recovery of key sectors is expected to bolster confidence in the global economic landscape.
Reference(s):
cgtn.com
