Rise and Fall of China Retail Sales, 2019 to 2020

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.