In 2019, the total retail sales of consumer goods in China reached 41,164.9 billion yuan (US$6,010 bn), up by 8.0% year-on-year (nominal growth rate). The real growth rate was 6.0%. Of the total, the retail sales of consumer goods excluding automobiles reached 37,226.0 billion yuan, with an increase of 9.0%.
The gross domestic product (GDP) of China was 45,093.3 billion yuan (US$6,565.68 billion) in the first half of 2019, a year-on-year increase of 6.3% at comparable prices according to the preliminary estimates of National Bureau of Statistics of China. The year-on-year GDP growth for the first quarter was 6.4 percent, and 6.2% for the second […]
Total retail sales of consumer goods in China increased to US$1,457 billion in Q1 2019 and roughly 85.3% came from urban areas. Online retail sales of goods and services totaled US$333.45bn, representing 22.9% of the total.
Per capita disposable income of urban households was 2.53 times that of rural households The nationwide per capita disposable income of residents was 8,493 yuan (US$1,265.48) in Q1 2019, a nominal growth of 8.7% year-on-year.
By the end of 2018, the total population of mainland China was 1,395.38 million (including the population of 31 provinces, autonomous regions and municipalities, and servicemen in CPLA and excluding residents in Hong Kong SAR, Macao SAR, and Taiwan). China’s population grew by an increase of 5.30 million in 2018, the slowest since 1961.
In the whole year of 2018, the total retail sales of consumer goods amounted to 38,098.7 billion yuan (US$5,620.13 billion), up by 9.0% year-on-year (nominal growth rate), according to the National Bureau of Statistics of China. Of the total. The retail sales of consumer goods of units above-designated size reached 14,531.1 billion yuan (US$2,143.55 billion), with […]
The gross domestic product (GDP) of China was 65,089.9 billion yuan (US$9,368.51 bn) in the first three quarters of 2018, a year-on-year increase of 6.7% at comparable prices, according to the preliminary estimates of National Bureau of Statistics of China.
In September 2018, the total retail sales of consumer goods reached 3,200.5 billion yuan (US$461.81 bn) in China, up by 9.2% year-on-year (nominal growth rate), according to National Bureau of Statistics of China. The retail sales of consumer goods of units above-designated size reached 1,276.2 billion yuan (US$184.15 bn), increased by 5.7%.
The transactions of the online retail market in China totaled US$593.18 bn in H1 2018, representing 22.7% of total retail sales. Meanwhile, the mobile shopping market in China saw US$397.83 trillion transactions. Tmall, Jingdong, and Pinduoduo led the B2C online retail market.
China’s online shopping GMV totaled 6.1 trillion yuan (US$953 billion) in 2017, rising 29.6% from a year earlier, showing a pick-up in growth, according to the latest report from iResearch.
concept of people communicate in a global network. Icons of people with speech bubbles, clouds and Interface icons Based on Analysis’ data from 2010 till 2016, the consumption structure in China is changing. Non-based needs consumption is decreasing. For example, food consumption in the urban area dropped to 29.3% in 2016 from 35.7% in 2010; […]
“Visit Taobao if you want to live a better life” The number of Taobao villages has grown from 3 in 2009 across 3 provinces to 2,118 in 2017 across 24 provinces. Most Taobao Villages are concentrated in east coastal areas; and, the top three provinces by total number of Taobao Villages are Zhejiang, Guangdong, Jiangsu, […]
According to the Report on China’s Rural E-Commerce Development (2016-2017), online retail sales in rural areas in the first half of 2017 totaled 537.6 billion yuan (US$81.0 billion), up 38.1% over the same period last year, a rate 4.9 percentage points higher than that in urban areas. Rural online sales now account for 17.3% of […]
As of July 2017, there were 751 million internet users in China, a figure which increased by 19.92 million in the first half of this year. The proportion of internet users as a part of the total population has reached 54.3%, 1.1 percentage points higher than in 2016.
Online retail sales in China’s rural areas in H1 2017 achieved 537.62 billion yuan (US$79.9 billion), including 328.64 billion yuan (US$48.8 billion) for service retail sales and 208.98 billion yuan(US$31.1 billion ) for physical goods retail sales.