The trade industry consists of eight sectors: trade, distribution and sales, securities trade, information trade, pharmacy, trade of water, electricity and gas, catering and logistics.
In 2016, total retail sales of consumer goods amounted to CNY 33,231.6 billion, a YOY increase of 10.4%. The revenue of the catering industry was CNY 3,577.9 billion, increasing by 10.8% over 2015 and the sales of commodities retail was CNY 29,651.8 billion, increasing by 10.4%.
Online retail sales was CNY 5,155.6 billion, increasing by 26.2%. Among online retail sales, CNY 4,194.4 billion were physical goods, increasing by 25.6% and accounting for 12.6% of the total retail sales of consumer goods. Online sales of food, clothing and daily goods increased by 28.5%, 18.1% and 28.8%, respectively.
Economic development and increasing income have changed people's lifestyle and consumption concepts. Both opportunities and challenges lie ahead of China's trade industry.