Chengdu Retail

Asian Cities

2H 2018

 

City overview
In the "2018 Commercial Appeal Ranking of Chinese Cities" by CBN Weekly, released in April 2018, Chengdu once again won first place among other new first-tier cities. The ranking takes into consideration commercial resources aggregation, accessibility, residents’ vitality, lifestyle diversity, and future flexibility. Chengdu, as one of the most important centres in Western China, has promising opportunities for future commercial development.

The total retail sales of consumer goods in Chengdu in 1H/2018 reached RMB332.6 billion, increasing 11.1% year-on-year (YoY). This strong growth signifies that the city has growing consumption power. Retail sales of commodities above quota increased at a rate twice that of general commodities. Traditional businesses have accelerated their integration with the internet, pushing online sales to maintain a high growth rate while city–wide online sales above quota increased by 37.6% YoY during 1H/2018.

 
 

Key contacts

Simon Smith

Simon Smith

Senior Director / Head of Research & Consultancy
Research & Consultancy

Two Exchange Square

+852 2842 4573

 

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