Business Brief (Sept. 1): China Targets 60 Trillion Yuan in Retail Sales for 2030

China targets 60 trillion yuan in retail sales for 2030 Seven government departments, including the Ministry of Commerce, jointly issued a document outlining 20 specific measures to expand goods consumption during the 15th Five-Year Plan period from 2026 to 2030.

The document set a goal for total retail sales of consumer goods to reach about 60 trillion yuan ($9 trillion) in 2030.