China-NPC Briefing/Consumer Market
Beijing, China - March 6, 2026 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. SOUNDBITE (Chinese) Wang Wentao, Chinese Commerce Minister (partially overlaid with shot 3):
"In terms of scale, China's consumer market has remained firmly the world's second largest, with the total retail sales of consumer goods surpassing the milestones of 40 trillion yuan and 50 trillion-yuan (about 7.1 trillion U.S. dollars) successively. Meanwhile, measured by purchasing power parity, the scale of China's consumer market has emerged as the largest globally. During the 14th Five-Year Plan period, China's per capita GDP rose from 10,000 U.S. dollars to over 13,000 U.S. dollars, with the structure of China's household consumption demonstrating some new trends."
++SHOT OVERLAYING SOUNDBITE++
3. Press
++SHOT OVERLAYING SOUNDBITE++
4. Various of reporters, press conference in progress
5. SOUNDBITE (Chinese) Wang Wentao, Chinese Commerce Minister (starting with shot 4):
"During the Spring Festival holiday, the growth rate of offline consumption surpassed that of online consumption for the first time in recent years. Data from the Ministry of Commerce showed that the average daily sales of key retail and catering enterprises nationwide increased by 5.7 percent year on year. The growth rate of brick-and-mortar retail outpaced that of online retail by 3.9 percentage points."
Hainan Province, south China - February 2026 (CCTV - No access Chinese mainland)
6. Various of people at shopping mall; performance in progress
FILE: Shanghai, China - Jan 2026 (CCTV - No access Chinese mainland)
7. Various of restaurant, people dining
FILE: Shangqiu City, Henan Province, central China - February 2026 (CCTV - No access Chinese mainland)
8. Aerial shot of temple fair, crowd
9. Various of Sichuan Opera face-changing performance, other folk activities in progress; visitors watching
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
10. Various of customers shopping for home appliances, electronic products
Measured by purchasing power parity, the scale of China's consumer market topped the world during the 14th Five-Year Plan period (2021-2025), Commerce Minister Wang Wentao told a press conference on Friday.
Speaking at a press conference on the sidelines of the fourth session of the 14th National People's Congress in Beijing, Wang outlined key developments in the country's consumption landscape over the past five years.
"In terms of scale, China's consumer market has remained firmly the world's second largest, with the total retail sales of consumer goods surpassing the milestones of 40 trillion yuan and 50 trillion-yuan (about 7.1 trillion U.S. dollars) successively. Meanwhile, measured by purchasing power parity, the scale of China's consumer market has emerged as the largest globally. During the 14th Five-Year Plan period, China's per capita GDP rose from 10,000 U.S. dollars to over 13,000 U.S. dollars, with the structure of China's household consumption demonstrating some new trends," said Wang.
Wang further noted that China's traditional consumption has shifted from meeting basic needs to pursuing quality, particularly green and low-carbon options.
A prime example is that the market penetration rate of new energy passenger vehicles surged from just 5.7 percent in 2020 to 53.9 percent in 2025, he said.
Wang also highlighted strong consumption during the recent Spring Festival holiday.
"During the Spring Festival holiday, the growth rate of offline consumption surpassed that of online consumption for the first time in recent years. Data from the Ministry of Commerce showed that the average daily sales of key retail and catering enterprises nationwide increased by 5.7 percent year on year. The growth rate of brick-and-mortar retail outpaced that of online retail by 3.9 percentage points," said Wang.
Looking ahead, Wang said the government will continue to implement the trade-in program for consumer goods, accelerate the cultivation of new growth drivers in service consumption, and tap into the potential of lower-tier markets to further boost consumption vitality.
China-NPC Briefing/Consumer Market
Dateline : March 6, 2026/File
Location : China
Duration : 1'28
Beijing, China - March 6, 2026 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. SOUNDBITE (Chinese) Wang Wentao, Chinese Commerce Minister (partially overlaid with shot 3):
"In terms of scale, China's consumer market has remained firmly the world's second largest, with the total retail sales of consumer goods surpassing the milestones of 40 trillion yuan and 50 trillion-yuan (about 7.1 trillion U.S. dollars) successively. Meanwhile, measured by purchasing power parity, the scale of China's consumer market has emerged as the largest globally. During the 14th Five-Year Plan period, China's per capita GDP rose from 10,000 U.S. dollars to over 13,000 U.S. dollars, with the structure of China's household consumption demonstrating some new trends."
++SHOT OVERLAYING SOUNDBITE++
3. Press
++SHOT OVERLAYING SOUNDBITE++
4. Various of reporters, press conference in progress
5. SOUNDBITE (Chinese) Wang Wentao, Chinese Commerce Minister (starting with shot 4):
"During the Spring Festival holiday, the growth rate of offline consumption surpassed that of online consumption for the first time in recent years. Data from the Ministry of Commerce showed that the average daily sales of key retail and catering enterprises nationwide increased by 5.7 percent year on year. The growth rate of brick-and-mortar retail outpaced that of online retail by 3.9 percentage points."
Hainan Province, south China - February 2026 (CCTV - No access Chinese mainland)
6. Various of people at shopping mall; performance in progress
FILE: Shanghai, China - Jan 2026 (CCTV - No access Chinese mainland)
7. Various of restaurant, people dining
FILE: Shangqiu City, Henan Province, central China - February 2026 (CCTV - No access Chinese mainland)
8. Aerial shot of temple fair, crowd
9. Various of Sichuan Opera face-changing performance, other folk activities in progress; visitors watching
FILE: China - Exact Location and Date Unknown (CCTV - No access Chinese mainland)
10. Various of customers shopping for home appliances, electronic products
Measured by purchasing power parity, the scale of China's consumer market topped the world during the 14th Five-Year Plan period (2021-2025), Commerce Minister Wang Wentao told a press conference on Friday.
Speaking at a press conference on the sidelines of the fourth session of the 14th National People's Congress in Beijing, Wang outlined key developments in the country's consumption landscape over the past five years.
"In terms of scale, China's consumer market has remained firmly the world's second largest, with the total retail sales of consumer goods surpassing the milestones of 40 trillion yuan and 50 trillion-yuan (about 7.1 trillion U.S. dollars) successively. Meanwhile, measured by purchasing power parity, the scale of China's consumer market has emerged as the largest globally. During the 14th Five-Year Plan period, China's per capita GDP rose from 10,000 U.S. dollars to over 13,000 U.S. dollars, with the structure of China's household consumption demonstrating some new trends," said Wang.
Wang further noted that China's traditional consumption has shifted from meeting basic needs to pursuing quality, particularly green and low-carbon options.
A prime example is that the market penetration rate of new energy passenger vehicles surged from just 5.7 percent in 2020 to 53.9 percent in 2025, he said.
Wang also highlighted strong consumption during the recent Spring Festival holiday.
"During the Spring Festival holiday, the growth rate of offline consumption surpassed that of online consumption for the first time in recent years. Data from the Ministry of Commerce showed that the average daily sales of key retail and catering enterprises nationwide increased by 5.7 percent year on year. The growth rate of brick-and-mortar retail outpaced that of online retail by 3.9 percentage points," said Wang.
Looking ahead, Wang said the government will continue to implement the trade-in program for consumer goods, accelerate the cultivation of new growth drivers in service consumption, and tap into the potential of lower-tier markets to further boost consumption vitality.
ID : 8468981
Published : 2026-03-06 17:23
Last Modified : 2026-03-06 20:48:15
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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