Business Intelligence on Retailing, Franchising, and Consumerism in China

Guangdong's Retail Sales Reached CNY1.3 Trillion In First Eight Months Of 2011

According to Statistics Bureau of Guangdong Province, the province realized consumer retail sales of nearly CNY1.3 trillion, a year-on-year increase of 16.1%, from January to August 2011.

Meanwhile, its retail sales in August alone reached CNY166.73 billion.

Statistics provided by the bureau showed that sales of commodities contributed to most of the retail sales in Guangdong. During the first eight months of 2011, Guangdong's sales of commodities increased by 16.2% year-on-year to CNY1.16 trillion, which accounted for 89.3% of the total retail sales; while revenue from the dining sector was CNY139.308 billion, an increase of 14.6% compared with the same period of last year.

In addition, retail sales of gold and silver jewelry in Guangdong increased by 37.8% year-on-year; retail sales of petroleum and related products increased by 32.9% year-on-year; and retail sales of clothing, footwear, and textile products increased by 26.5% year-on-year.

By region, the retail sales of the eastern areas of Guangdong increased by 17.9% to CNY136.555 billion; retail sales of the western areas of Guangdong increased by 16.3% to CNY130.716 billion; retail sales of the northern mountain areas of Guangdong increased by 15.9% to CNY96.357 billion; and retail sales of the Pearl River Delta increased by 15.8% to CNY936.077 billion.

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