AI Data Insight

In Q4 2025, the share of China's wholesale and retail trade in the value added of the tertiary industry rose to 10.4%, surpassing the previous 10.2% and hitting a new high in recent years. Driven by the "trade-in" policy stimulus and the strong growth of online retail, the total retail sales of consumer goods for the year broke through 50 trillion RMB for the first time, indicating that consumption remains a key engine supporting the macroeconomy.

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