Shanghai’s economy remains stable, largely buoyed by a robust service sector. In the first quarter, the city saw retail sales grow 0.1% YoY to $72.49 billion (461.435 billion RMB). The accommodation and catering industry recorded a 1.6% revenue growth. Retail sales in various sectors showed modest growth, including grains and oils (5.8%), cosmetics (3.1%), and clothing and textiles (2.7%).