Retail sales and trade surge as economic recovery gains momentum
China's economy delivered strong October results, with retail spending and international trade hitting new highs – a sign that the world's second-largest economy is building sustainable momentum. National Bureau of Statistics spokesperson Fu Linghui shared the upbeat numbers at a Friday briefing, revealing growth that's got markets buzzing 🚀
💰 Consumers Are Back: Retail sales jumped 4.8% year-on-year to ¥4.54 trillion ($627B), showing renewed confidence as shoppers splurge on everything from tech gadgets to bubble tea. Meanwhile, goods trade surged 4.6% to ¥3.7 trillion ($511B), powered by rising global demand for Chinese exports like EVs and green tech 🔋🌍
📦 Ports in Overdrive: Footage from Xiamen's Songyu container terminal (released Nov 7) showed cranes working round-the-clock to meet shipping demands – a visual testament to the economic acceleration. Analysts say these numbers could signal stronger Q4 growth across Asia's supply chains.
