In October, our country's consumer market stabilized and improved, with offline consumption significantly increasing in popularity.
The latest economic data for October is about to be released. How is China's economy performing? According to the leading indicators released by the National Information Center in consumption, industry, foreign trade and other aspects, the economy has continued to maintain a good trend of steady progress, with a more solid foundation for long-term economic improvement. In October, the consumption market continued its stable and positive momentum, forming a new pattern of dual-driven growth with the continuous expansion of the "sinking market" and the leading role of "cultural, tourism and experience consumption". The latest data from the National Information Center shows that in October, offline consumption showed strong growth, especially in third-tier and below cities. The offline consumption heat index increased by 17.3% year-on-year, with first-tier cities and second-tier cities increasing by 18.9% and 14.5% respectively, while third-tier and below cities increased by 31.2% year-on-year.
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