TRS 2017

In 2017, the total retail sales of consumer goods reached 36,626.2 billion yuan($5424.66 billion), up by 10.2 percent year-on-year. Of the total, the retail sales of consumer goods of units above a designated size totaled 16,061.3 billion yuan, an increase of 8.1 percent.

In December 2017, the total retail sales of consumer goods reached 3,473.4 billion yuan, up by 9.4 percent year-on-year (nominal growth rate. The real growth rate was 7.8 percent. The following are nominal growth rates if there’s no additional explanation). Of the total, the retail sales of consumer goods of units above designated size amounted to 1,740.9 billion yuan, up by 6.7 percent.

In terms of different areas, retail sales of consumer goods in urban areas generated 2,975.4 billion yuan in December, up by 9.3 percent year-on-year; while those in rural areas brought in 498.1 billion yuan, up by 10.1 percent year-on-year. In the whole year of 2017, the retail sales of consumer goods in urban areas totaled 31,429.0 billion yuan, up by 10.0 percent year-on-year; while those in rural areas generated 5,197.2 billion yuan, up by 11.8 percent.

In terms of different consumption patterns, the catering services in December gained 368.9 billion yuan, up by 10.1 percent year-on-year. Retail sales of goods gained 3,104.5 billion yuan, up by 9.3 percent. In the year 2017, the catering services gained 3,964.4 billion yuan, up by 10.7 percent year-on-year; the retail sales of goods gained 32,661.8 billion yuan, up by 10.2 percent.

Revenue from retail sales of goods of units above designated size in December was 1,641.7 billion yuan, up by 6.8 percent year-on-year. In the whole year of 2017, the retail sales amount of goods of units above designated size was 15,086.1 billion yuan, up by 8.2 percent year-on-year.

In 2017, the national online retail sales of goods and services brought in 7,175.1 billion yuan, increasing by 32.2 percent over the previous year. Online retail sales of physical goods were 5,480.6 billion yuan, up by 28.0 percent, accounting for 15.0 percent of the total retail sales of consumer goods. Online retail sales of physical goods, food, clothing and other commodities went up by 28.6, 20.3 and 30.8 percent respectively.

In 2017, of the total retail sale, the supermarket, store, pro shop and exclusive shop of units above designated size went up by 7.3, 6.7, 9.1 and 8.0 percent respectively.

Note:

Total Retail Sales of Consumer Goods(TRS) refers to the sale of physical commodities or the income from catering services sold or provided by enterprises (units) to individuals, social organizations for non-production and non-operation purposes.

Online retail sales refers to the sale of goods and services through public online trading platform (including self-built websites and third-party platform). Goods and services include physical goods and non-physical goods (such as virtual products and services).

The total retail sales figures for consumer goods include online retail sales of physical goods but exclude online retail sales of non-physical goods.