China’s national economic and social development in 2023: Domestic trade

In 2023, China worked to expand domestic demand and better leveraged the fundamental role of consumption in stimulating economic growth. The total retail sales of consumer goods reached 47,149.5 billion yuan, up by 7.2 percent over the previous year.

An analysis on different areas showed that the retail sales of consumer goods in urban areas stood at 40,749.0 billion yuan, up by 7.1 percent, and that in rural areas reached 6,400.5 billion yuan, up by 8.0 percent.

Grouped by consumption patterns, the retail sales of commodities were 41,860.5 billion yuan, up by 5.8 percent, and the income of catering industry was 5,289.0 billion yuan, up by 20.4 percent. The retail sales of services increased by 20.0 percent over the previous year.

The online retail sales of physical goods were 13,017.4 billion yuan, up by 8.4 percent over the previous year on a comparable basis, accounting for 27.6 percent of the total retail sales of consumer goods.

Source: National Bureau of Statistics of China

Infographic by Wang Yuxinhong