National Bureau of Statistics: By 2025, the market sales volume will expand, with rapid growth in service retail.

National Bureau of Statistics: The total retail sales of consumer goods for the whole year reached 50.1202 trillion yuan, an increase of 3.7% over the previous year. According to the location of the operating units, urban retail sales of consumer goods reached 43.2972 trillion yuan, an increase of 3.6%; rural retail sales of consumer goods reached 6.823 trillion yuan, an increase of 4.1%. In terms of consumption types, the retail sales of goods amounted to 44.322 trillion yuan, an increase of 3.8%; catering revenue reached 5.7982 trillion yuan, an increase of 3.2%. Sales of basic living necessities and some upgraded goods showed good growth momentum, with retail sales of communication equipment, cultural and office supplies, sports and entertainment products, household appliances and audio-visual equipment, and food and oil products for units above designated size increasing by 20.9%, 17.3%, 15.7%, 11.0%, and 9.3% respectively. Online retail sales across the country reached 15.9722 trillion yuan, an increase of 8.6% over the previous year. Among them, the online retail sales of physical goods reached 13.0923 trillion yuan, an increase of 5.2%, accounting for 26.1% of the total retail sales of consumer goods. In December, the total retail sales of consumer goods increased by 0.9% year-on-year, with a month-on-month decrease of 0.12%. The annual service retail sales increased by 5.5% over the previous year. Among them, the retail sales of cultural and leisure services, communication information services, travel consultation and leasing services, and transportation services grew rapidly.