Top 10 Chinese cities by retail sales of consumer goods
The total retail sales of consumer goods in Shanghai and Beijing both exceeded 1 trillion yuan in 2019, registering 1.35 trillion and 1.23 trillion respectively, followed by Guangzhou, Chongqing and Chengdu, according to news portal Yicai.com.
Shanghai witnessed the strongest consumption capacity across the country in 2019, up 6.5 percent from the previous year. Online retail sales volume reached 189.65 billion yuan, increasing 15.8 percent year-on-year, which accounted for 14.1 percent of the total.
Beijing took second place with total retail sales of consumer goods at 1.23 trillion yuan, rising 4.4 percent from a year earlier. The retail sales of enterprises above the designated size went up 23.6 percent year-on-year and achieved 336.63 billion yuan, accounting for 27.4 percent of total consumption volume.
Guangzhou, the capital city of Guangdong province, consumed 997.56 billion yuan in retail sales last year, very close to surpassing 1 trillion.
Although Shenzhen's GDP ranked third in the country, its retail sales of consumer goods amounted to 658.29 billion yuan, landing in seventh place.
Hangzhou, however, experienced rapid growth in social consumption in recent years with 621.5 billion yuan, up 8.8 percent from the previous year. The economic prosperity in Hangzhou resulted from its boom in the e-commerce sector, which saw the added value of the digital economy industry rising 15.1 percent in 2019.
It's worth noting the total retail sales of consumer goods among the top 10 cities all exceeded 600 billion yuan in 2019.
Let's have a look at the top 10 Chinese cities by retail sales of consumer goods in 2019.
