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A consumer selects milk at a supermarket in Nanjing, capital of east China s Jiangsu Province, June 12, 2024.NBS spokesperson Liu Aihua said last month at a press conference that with the renewal program the country s price level will remain stable and rise mildly in the rest of the year.
The 618 shopping festival in China has officially launched, with major e-commerce platforms such as Tmall, Pinduoduo and JD.com offering massive discounts and promotion. Sales of 59 brands surpassed 100 million yuan ($13.81 million), with 376 products reaching sales of more than 10 million yuan on Tmall within just four hours of the start of the event on the platform on Monday evening.
Chinese cities gear up to boost consumption during May Day holidays, further accelerating economic recovery en.people.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.people.cn Daily Mail and Mail on Sunday newspapers.
As the May Day holidays draw near, Chinese cities are buzzing with excitement as trade-in activities and consumption events are set to take center stage across the country, which will help boost the country’s recovery in consumption.