The data recently released by the National Bureau of Statistics shows that in the first quarter, the national market sales maintained a stable growth trend, and the demand for some upgraded goods continued to be released, while service consumption grew rapidly. The market size continues to expand, and the proportion of county and township markets is steadily increasing. In the first quarter, the total retail sales of consumer goods in China reached 12032.7 billion yuan, a year-on-year increase of 4.7%. The retail sales of consumer goods in counties and townships, including towns and rural areas, increased by 5.3% year-on-year, accounting for 40.1% of the total retail sales of consumer goods in society. Service retail has grown rapidly, with outstanding performance in travel, culture, and tourism related consumption. In the first quarter, service retail sales increased by 10.0% year-on-year, which was 6.0 percentage points higher than the growth rate of commodity retail sales during the same period. Catering revenue increased by 10.8% year-on-year, the number of national commercial performances (excluding entertainment venues) increased by 72.71% year-on-year, and box office revenue increased by 116.87% year-on-year. Online consumption maintains double-digit growth, while physical store operations remain stable. In the first quarter, the online retail sales of physical goods increased by 11.6% year-on-year, with a growth rate 3.2 percentage points faster than the full year of the previous year. The retail sales of physical stores in the retail industry above the quota increased by 3.3% year-on-year; Among them, the retail sales of convenience stores and specialty stores increased by 5.2% and 6.3% respectively. Stable growth in product sales and continuous release of demand for upgraded products. In the first quarter, the retail sales of goods increased by 4% year-on-year. Among them, the retail sales of sports and entertainment equipment and communication equipment in units above the quota increased by 14.2% and 13.2% year-on-year, respectively. The growth rate of retail sales of residential related goods has accelerated or turned from negative to positive. The retail sales of household appliances, audio and video equipment, and furniture have increased by 5.8% and 3% respectively, with growth rates 5.3 and 0.2 percentage points faster than the full year of the previous year; The retail sales of construction and decoration materials increased by 2.4%, down 7.8% from the previous year. Yu Jianxun, Director of the Trade and Economic Statistics Department of the National Bureau of Statistics, stated that in the next stage, we will deeply implement the decisions and deployments of the Party Central Committee and the State Council, solidly promote the exchange of old for new consumer goods to unleash consumption potential, focus on enhancing residents' consumption ability, continuously explore new growth points in consumption, and promote the continuous recovery and improvement of the consumer market. (Lai Xin She)