Rise and Fall of China Retail Sales, 2019 to 2020

CHINESE RETAIL SHOPPERS

China’s retail sales grew by 8% in 2019; online up 16.5%

March 4, 2020 By CIW Team

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%.

For detailed data, stats and charts please read the article by CIW Team- linked above.

That was then- this is now

China’s retail sales dropped by 19% in Q1 2020

April 20, 2020 By CIW Team

In Q1 2020, the total retail sales of consumer goods in China reached 7,858.0 billion yuan (US$1,110.14 billion), down by 19.0% year on year. The retail sales of consumer goods excluding automobiles reached 7,225.4 billion yuan, down 17.7%.

For detailed data, stats and charts please read the article by CIW Team- linked above.

Published by The Bic

Bicyu is a NZ registered, British owned MarTech business based in Beijing providing marketing, tech, education and information services to European, NZ, Australian, UK, African, and Asian firms doing business in China. We work with local ones too. We've been here doing this since 2003. We also incorporate Aim2D and Uengager in our small brand list.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create your website with WordPress.com
Get started
%d bloggers like this: