(1) GDP - Real (USD) - China (Annual) Economic Time Series Profile; (2) Retail Industry in China

 




Gross domestic product (GDP) at current prices in China from 1985 to 2023 with forecasts until 2029 (in billion U.S. dollars)


Market Size of China Retail Sector Industry



- The China Retail Sector Market size is estimated at USD 1.94 trillion in 2024, and is expected to reach USD 2.87 trillion by 2029, growing at a CAGR of 8.17% during the forecast period (2024-2029). 

- China's robust economic growth and rising disposable incomes have fueled consumer spending and driven expansion in the retail sector.  



- Internet retailing is the modern way of shopping. With the growing penetration of smartphones, mobile devices, and internet services, e-commerce emerged as a major shopping platform worldwide. The retail e-commerce market is driven by an increasing set of suppliers selling online and a change in consumers' buying behavior, among others.  


- Increased Disposable Income of People is Driving the Market 


Salient Points: -

1) How big is the China Retail Sector Market? 

- The China Retail Sector Market size is expected to reach USD 1.94 trillion in 2024 and grow at a CAGR of 8.17% to reach USD 2.87 trillion by 2029. 


2) What is the current China Retail Sector Market size?

- In 2024, the China Retail Sector Market size is expected to reach USD 1.94 trillion. 


3) Is Parkson China ready to adopt e-Commerce? 

- Yes, Parkson China has been ready since year 2018. Parkson Group (Stock Code: 3368) signed a strategic cooperation agreement with the largest boutique lifestyle platform Secoo in Asia (NASDAQ:SECO) in Shanghai.

See link here http://www.parksongroup.com.cn/html_en/about_parkson/News_Detail.php?cid=82


4) How big is the Retail Market in China in term of Online Retail Market?

China remains world’s largest online retail market for 11th consecutive year amid booming consumption recovery

See link here https://www.globaltimes.cn/page/202401/1305718.shtml

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