With a population of 1.4 billion and a 400-million strong middle-income group, the Chinese Commerce Ministry says the country enjoys the advantage of a super-sized market.
China is the world's second biggest consumption market, next to the US. The total retail sales of consumer goods almost doubled from 2012 to 2020, reaching more than 39-trillion yuan, or six-trillion US dollars last year.
Consumption remains the strongest engine for China's growth, and the Commerce Ministry emphasized the big measures Beijing is taking to further boost consumption.
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