Updated

Updated · Caixin Global · Jul 14

China Targets $8.8 Trillion Retail Sales by 2030, Making Consumption a Top Priority

Updated

Updated · Caixin Global · Jul 14

China Targets $8.8 Trillion Retail Sales by 2030, Making Consumption a Top Priority

3 articles · Updated · Caixin Global · Jul 14

60 trillion yuan in annual retail sales is the new 2030 goal in a cabinet-approved plan aimed at boosting domestic consumption.
The State Council endorsed the document on Monday and told local governments to treat consumption growth as a top economic priority.
The plan was drafted by the National Development and Reform Commission and the Ministry of Commerce, signaling a coordinated central policy push.
China’s retail sales totaled 50.1 trillion yuan in 2025, leaving roughly 10 trillion yuan of additional growth needed to hit the target.

Sources

Caixin Global9h ago

China's Cabinet Targets $8.8 Trillion Retail Sales by 2030

X8h ago

China has set a goal of raising total retail sales of consumer goods to around 60 trillion yuan (roughly $8.8 trillion) by 2030 and further strengthening consumption's role in driving economic growth,

China Daily9h ago

State Council approves China's first dedicated 5-year plan to boost consumption - Chinadaily.com.cn

5 Sources

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China’s 2030 Retail Ambition: The $8.8 Trillion Consumption Target and Its Global Ripple Effects

Overview

China's 15th Five-Year Plan (2026-2030) marks a major shift in economic strategy by making domestic consumption the main driver of growth. The plan, officially approved by the State Council, sets an ambitious goal to raise total retail sales of consumer goods to about 60 trillion yuan by 2030. To achieve this, China will expand services consumption, upgrade goods consumption, and implement targeted actions across sectors. This approach aims to reduce reliance on exports and investment, positioning consumption as the foundation for sustainable development and long-term economic stability.

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