China Total Retail Sales of Consumer Goods Exceed $4 Trillion in 2014

In December 2014, the total retail sales of China consumer goods reached 2,580.1 billion yuan ($414 billion),Taobao agent up by 11.9% year-on-year according to National Bureau of Statistics of China.

China’s retail sales of consumer goods of units above designated size was 1,427.4 billion yuan, increased 9.4%. In 2014, the total retail sales of consumer goods reached 26,239.4 billion yuan ($4,209 billion), with a nominal growth rate of 12%, and a real growth rate of 10.9%. Of which, the online retail sales of units above designated size was 13,317.9 billion yuan, increased 9.3%.

In 2014, China online retail sales was 2,789.8 billion yuan, increased 49.7% year-on-year. Of which, the online retail sales of units above designated size was 440.0 billion yuan, increased 56.2%.

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