Hubei released economic outlook for 2021 on January 19, saying the total retail sales of consumer goods are expected to grow 15 percent in 2021 on a yearly basis.

  The province's value of total retail sales in 2020 amounted to 1,798.487 billion yuan, decreasing by 20.8 percent compared with the previous year, the Hubei Provincial Statistics Bureau announced.

  The COVID-19 pandemic accelerated the process of economic structure adjustment. Hubei has successfully controlled the epidemic, making its consumption market return to normalcy since May 2020, which provided a solid foundation for the recovery of domestic consumption market.

  In 2021, Hubei's major economic indicators will continue to recover with the growth of products and industries expanding, and industrial and supply chains will be basically stable. (Source: en.hubei.gov.cn)