Market Sales Expanded with Sales of Basic Living Goods and Upgraded Consumer Goods Growing Fast

Source: National Bureau of Statistics of China / Updated: 2022-01-25

In 2021, the total retail sales of consumer goods reached 44,082.3 billion yuan, up by 12.5 percent over the previous year with the average two-year growth of 3.9 percent. Analyzed by different areas, the retail sales in urban areas reached 38,155.8 billion yuan, up by 12.5 percent; and the retail sales in rural areas stood at 5,926.5 billion yuan, up by 12.1 percent. Grouped by consumption patterns, the retail sales of goods were 39,392.8 billion yuan, up by 11.8 percent; and the income of catering was 4,689.5 billion yuan, up by 18.6 percent. The basic living consumption sustained good momentum of growth, with the retail sales of beverages and grain, oil, and food by enterprises above the designated size growing by 20.4 percent and 10.8 percent over the previous year. The demand for upgraded consumer goods continued to unleash, with the retail sales of gold, silver, and jewelry and that of cultural and office supplies by enterprises above the designated size growing by 29.8 percent and 18.8 percent respectively. In December, the total retail sales of consumer goods grew by 1.7 percent year on year, or down by 0.18 percent month on month. In 2021, the national online retail sales reached 13,088.4 billion yuan, growing by 14.1 percent over the previous year. Specifically, the online retail sales of physical goods were 10,804.2 billion yuan, up by 12.0 percent, accounting for 24.5 percent of the total retail sales of consumer goods.