In the first quarter, the value added of China's wholesale and retail industry increased by 3.5 trillion yuan, a year-on-year growth of 4.1%.

Since the beginning of this year, the Ministry of Commerce has been deeply implementing the decisions and arrangements of the Party Central Committee and the State Council, innovatively promoting the construction of a modern commercial distribution system, and promoting high-quality development of wholesale and retail industries. According to data from the National Bureau of Statistics, in the first quarter, the value added of China's wholesale and retail industry increased by 3.5 trillion yuan, a year-on-year increase of 4.1%, accounting for 10.5% of GDP. The development of China's wholesale and retail industry has started well, providing strong support for the construction of a strong domestic market. The market operation is stable, and most formats are growing. From the perspective of the wholesale industry, in the first quarter, the turnover of key commodity markets contacted by the Ministry of Commerce increased by 8.6% year-on-year, with the turnover of production materials and industrial consumer goods markets increasing by 16.1% and 10.7% respectively. In terms of the retail industry, according to data from the National Bureau of Statistics, in the first quarter, retail sales of goods reached 11.3 trillion yuan, a year-on-year increase of 2.2%. Among retail enterprises above the quota, the retail sales of convenience stores, supermarkets, and specialty stores increased by 8.3%, 5.1%, and 0.5% respectively.