The total retail sales of consumer goods in China reached 8,582.3 billion yuan (US$1,245.89 bn) in Q1 2017, a year-on-year rise of 10.0%, 0.4 percentage point less than the whole of last year.
The retail sales in urban areas reached 7,339.8 billion yuan (US$1,065.51 bn), up by 9.7%, and the retail sales in rural areas stood at 1,242.6 billion yuan (US$180.39 bn), up by 11.9%.
The income of catering trade was 919.6 billion yuan, up by 10.8%; and the retail sales of goods were 7,662.7 billion yuan, up by 9.9%.
Upgraded consumer goods grew fast. The retail sales of cultural and office goods went up by 14.8%; communication equipment up by 11.0%; sports and recreational articles up by 17.3 percent; furniture up by 12.6%, and building and decoration materials up by 14.8%.
In March, the total retail sales of consumer goods rose by 10.9% year on year, 1.4 percentage points faster than the first two months, an increase of 0.84% month on month.
In Q1 2017, China’s online retail sales reached 1,404.5 billion yuan (US$203.89), a year-on-year growth of 32.1%. The online retail sales of physical goods were 1,067.4 billion yuan, an increase of 25.8%. It accounted for 12.4% of the total retail sales, a year-on-year increase of 1.8 percentage points.
Continue to read China’s GDP stats in Q1 2017 →