Down-to-earth new small-town youths are also pursuing progress. They are down-to-earth in pursuit of stability and happiness; at the same time, they are constantly demanding self-improvement. They achieve self-improvement in many ways in order to win greater social recognition. Read Part 1 here. You can download CIW eBook: Small Town Youth, New Growth Engine in […]
The average monthly disposable income of new small-town youths is 3,730 yuan, compared with 5,401 yuan of young people in China’s first and second-tier cities (“top tier cities”) according to a research report by Tencent. You can download CIW eBook: Small Town Youth, New Growth Engine in China Although there is a gap in income […]
Total consumer goods retail sales in China reached 3,809.4 billion yuan (US$545.35 bn) in November 2019, increasing by 8.0% year-on-year (nominal growth rate. Real growth rate was 4.9 percent). Out of the total, consumer goods retail sales excluding automobiles hit 3,462.9 billion yuan, up 9.1%.
In April 2019, China’s total retail sales of social consumer goods reached 3,058.6 billion yuan (US$442.82 bn), up by 7.2% year-on-year nominal growth rate (excluding the real increase of 5.1 percent in price factors，the follows are nominal growth rates). The retail sales of the enterprises (units) above designated size reached 1,112 billion yuan (US$160.99 bn), […]
The Fast Retailing Group generated rises in both revenue and profit in the first nine months of fiscal 2018 from 1 September 2017 to 31 May 2018. Consolidated revenue totaled ¥1.7041 trillion Japanese yen (US$15.66 billion), up by 15.3% year-on-year and operating profit reached ¥238.8 billion, increased by 32.3% year-on-year. The profit attributable to owners […]
The young generation is taking on-demand consumption, asset-light lifestyle. Recently, the market research and consulting firm Mintel released the ‘2017 China consumer’ report. Research shows that Chinese consumers are in the lifestyle upgrade, healthier, more eager to experience a sense of leisure life, but more rational consumption. The young generation is taking on-demand consumption, asset-light […]
China’s total retail sales of consumer goods reached US$430.8 billion in May, up by 10.7% YoY. Online retail accounted for over 17% of total retail sales from January to May.
In the first two months of 2017, the total retail sales of consumer goods in China reached RMB 5,796.0 billion (US$840.3 bn), up by 9.5% year-on-year (nominal growth rate. The real growth rate was 8.1%) according to National Bureau of Statistics of China.
The total retail sales of consumer goods in China reached 3,095.9 billion yuan (US$448.36 billion) in November 2016, up by 10.8% YoY according to National Bureau of Statistics of China.
The total retail sales of consumer goods reached 23,848.2 billion yuan in the first three quarters of 2016 in China, up by 10.4% year-on-year.
Transactions of China’s apparel online shopping market reached 413.05 billion yuan (US$65.08 billion) in H1 2015, including women and men’s clothes and excluding bags, shoes and children’s clothes.
78% online shopping consumption in China are alternatives to the traditional consumption, and 22% are new demands stimulated by online shopping market in 2014 according to China National Bureau of Statistics. Over 80% online shoppers got satisfied shopping experience.
According to Weibo’s daily influence index, Tmall, OKHQB, and Dangdang performed best on Weibo among 1,613 active Weibo accounts in B2C e-commerce category in 2014. 92% of those active e-commerce Weibo accounts are vertical websites, the most of which is clothing and accessory category. Ranked by daily influence index by Weibo, OKHQB.com is an e-commerce website […]
Shoppers from China spent 18% more on Tax Free Shopping in 2014 compared to 2013 according to Global Blue.
In Q3 2014, total transaction value of China clothing B2C market was RMB91.62 billion ($14.91 billion) with an increase of 54.2% from the same period of prior year according to data from EnfoDesk.