Description
China Online Retail Sales of Consumer Goods is compiled and released by the National Bureau of Statistics (NBS) of China. This indicator measures the total retail sales of goods and services realized through public online trading platforms (including self-built websites and third-party platforms). It is an important indicator for observing consumer spending and economic activities, especially in the field of e-commerce. A higher number indicates strong consumer demand and strong economic growth, while a lower number may indicate an economic slowdown or weakening consumer confidence.