In 2020, China’s total retail sales of consumer goods reached 39,198.1 billion yuan, down by 3.9% over the previous year.
Specifically, the total retail sales of commodities by enterprises above the designated size reached 14,332.3 billion yuan, down by 1.9%.
The retail sales in urban areas reached 33,911.9 billion yuan, down by 4.0%; and the retail sales in rural areas stood at 5,286.2 billion yuan, down by 3.2%.
The income of catering was 3,952.7 billion yuan, down by 16.6%; and the retail sales of goods were 35,245.3 billion yuan, down by 2.3%. The sales growth of upgraded consumer goods accelerated.
In 2020, the online retail sales in China reached 11,760.1 billion yuan, grew by 10.9% year on year.
Specifically, the online retail sales of physical goods were 9,759.0 billion yuan, up by 14.8%, accounting for 24.9% of the total retail sales of consumer goods, or 4.2 percentage points higher than that of last year.
Check out China retail sales (monthly update) here.
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