China's retail sales growth slowed to 0.9% year-on-year in December.

In December, the total retail sales of consumer goods amounted to 4,513.6 billion yuan, an increase of 0.9% year-on-year. Of this, the retail sales of consumer goods excluding automobiles reached 3,965.4 billion yuan, an increase of 1.7%. In 2025, the total retail sales of consumer goods will reach 50,120.2 billion yuan, up 3.7% from the previous year. Among them, the retail sales of consumer goods excluding automobiles will be 45,141.3 billion yuan, up 4.4%.

By the location of operating units, in December, urban retail sales of consumer goods totaled 3,842.9 billion yuan, an increase of 0.7% year-on-year; rural retail sales of consumer goods totaled 670.7 billion yuan, an increase of 1.7%. In 2025, urban retail sales of consumer goods will reach 43,297.2 billion yuan, up 3.6% from the previous year; rural retail sales of consumer goods will reach 6,823.0 billion yuan, up 4.1%.

By type of consumption, in December, commodity retail sales amounted to 3,939.8 billion yuan, an increase of 0.7% year-on-year; catering revenue was 573.8 billion yuan, up 2.2%. In 2025, commodity retail sales will reach 44,322.0 billion yuan, up 3.8% from the previous year; catering revenue will be 5,798.2 billion yuan, up 3.2%.

By retail format, in 2025, among retail companies above a designated size, convenience stores, supermarkets, department stores, and specialty stores will see retail sales increase by 5.5%, 4.3%, 0.1%, and 2.6% respectively compared to the previous year; brand specialty stores’ retail sales will decrease by 0.6%.

In 2025, national online retail sales will reach 15,972.2 billion yuan, an increase of 8.6% from the previous year. Of these, online retail sales of physical goods reached 13,092.3 billion yuan, an increase of 5.2%, accounting for 26.1% of the total retail sales of consumer goods; among online retail sales of physical goods, food, clothing, and daily use products increased by 14.5%, 1.9%, and 4.1% respectively.

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