CCTV News: According to the Ministry of Commerce, since this year, the Ministry of Commerce has thoroughly implemented the decisions and deployments of the CPC Central Committee and the State Council, accelerated the improvement of the modern trade circulation system, and took multiple measures to promote the high-quality development of the wholesale and retail industries. According to data from the National Bureau of Statistics, from January to March, my country's wholesale and retail industry added value was 3.3 trillion yuan, an increase of 5.8% year-on-year, accounting for 10.4% of GDP. my country's wholesale and retail industries have made a good start, providing strong support for expanding domestic demand and smoothing the circulation of the national economy.

The market started steadily and the growth trend of the business model was good. From the perspective of wholesale industry, from January to March, the transaction volume of the Ministry of Commerce focused on the commodity market was 1.3 trillion yuan, and the transaction volume of the industrial consumer product market increased by 0.8% year-on-year. According to data from the China Federation of Logistics and Procurement, the commodity price index in March was 113.4 points, up 1.3% year-on-year, and the commodity market rebounded moderately. From the perspective of retail industry, according to data from the National Bureau of Statistics, from January to March, the retail sales of goods reached 11.0 trillion yuan, a year-on-year increase of 4.6%. The retail sales of the five major business formats above the limit were all showing an increase, with year-on-year growth of 9.9%, 6.7%, 4.6%, 1.4% and 1.2% respectively.

The urban and rural markets are vigorous, and customer flow consumption is steadily increasing. The growth rate of urban commerce is stable. From January to March, the number of passenger flow and turnover in 50 pedestrian streets and business districts nationwide monitored by the Ministry of Commerce increased by 5.7% and 5.0% year-on-year respectively. The county market continues to heat up. According to data from the National Bureau of Statistics, from January to March, the retail sales of rural consumer goods reached 1.7 trillion yuan, a year-on-year increase of 4.9%, 0.4 percentage points higher than that of urban areas. Rural e-commerce is booming. Business big data shows that from January to March, the national rural online retail sales were 669.75 billion yuan, a year-on-year increase of 5.1%; the online retail sales of agricultural products were 196.53 billion yuan, a year-on-year increase of 6.4%.

The old trades for new products have been expanded, and domestic products are widely favored. The old-for-new household appliances have achieved remarkable results. Since the implementation of the old-for-new home appliance trade-in policy in August 2024, consumers have purchased more than 100 million old-for-new home appliances, of which more than 40 million were purchased in 2025. According to data from the National Bureau of Statistics, from January to March, the retail sales of household appliances and audio-visual equipment in units above the limit increased by 19.3% year-on-year, of which 35.1% in a single month in March. New subsidies for purchasing digital products such as mobile phones are implemented quickly. Since the Ministry of Commerce issued relevant policies on January 15, consumers have purchased more than 30 million digital products such as mobile phones. According to data from the National Bureau of Statistics, from January to March, retail sales of communication equipment above the limit increased by 26.9% year-on-year, of which 28.6% per month in March. E-bikes are constantly moving forward with the old one. Since the beginning of this year, 67,000 sales stores across the country have launched exchanges for electric bicycles, and a total of 3.764 million new cars have been purchased, which is 2.7 times the total replacement volume in 2024. Time-honored products and services are very popular. Localities have held more than 140 special events of the 2025 "Home Brand Carnival", driving online and offline sales of over 6 billion yuan. Data from platform companies show that from January to March, the dine-in transaction volume of Chinese time-honored catering companies increased by 21% year-on-year.