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 an increase of 5.7%.
In December 2018, the total retail sales of consumer goods reached 3,589.3 billion yuan (US$529.48 billion) in China, up by 8.2% year-on-year, 0.1 percentage point more than that of November. Of the total, the retail sales of consumer goods of units above-designated size reached 1,508.4 billion yuan (US$222.51 billion), increased by 2.4%.
In terms of different areas, from January to December 2018, the retail sales of consumer goods in urban areas was 32,563.7 billion yuan (US$4,803.63), up by 8.8% year-on-year; while that in rural areas was 5,535.0billion yuan (US$816.5 billion), up by 10.1%.
In December, the retail sales of consumer goods in urban areas was 3,032.9 billion yuan (US$447.4 billion), up by 8.0% year-on-year; while that in rural areas was 556.5 billion yuan (US$82.09 billion), up by 9.3% year-on-year.
In terms of different consumption patterns, the catering services generated a total of 4,271.6 billion yuan (US$630.13 billion) in 2018, up by 9.5% year-on-year. The retail sales of goods were 33,827.1 billion yuan (US$4,990.0 billion), increased by 8.9%. In December, the catering services generated 442.2 billion yuan (US$65.23), up by 9.0% year-on-year. The retail sales of goods were 3,147.2 billion yuan (US$464.26 billion), an increase of 8.0% year-on-year.
The income of retail sales of goods of the enterprises (units) above designated size totaled 13,607.5 billion yuan (US$2,007.31 billion) in 2018, up by 5.7% year-on-year. In December, it was 1,417.5 billion yuan (US$209.10 billion), up by 2.2% year-on-year.
In 2018, the online retail sales of goods and services totaled 9,006.5 billion yuan (US$1,328.59 billion), up by 23.9% year-on-year. The online retail sales of physical goods were 7,019.8 billion yuan (US$1,035.53 billion) with an increase of 25.4%, accounting for 18.4% of the total retail sales of consumer goods. Of the online retail sales of physical goods, food, clothing, and other commodities went up by 33.8%, 22.0%, and 25.9%, respectively.
In 2018, of the total retail sale, the supermarket, store, pro shop, and exclusive shop of units above designated size went up by 6.8%, 3.2%, 6.2%, and 1.8% respectively.
China retail trend 2019; to hit US$6.77 trillion, fueled by e-commerce and new retail