Retail in Asia

In Markets

Beijing tops Chinese cities in spending

Beijing retained its crown as China’s biggest shopping city in 2015, as online shopping fever continued to buoy retail sales and drove more old brands to open online stores.

According to a report by Beijing Statistics Bureau, retail sales of consumer goods in the Chinese capital surpassed CNY1 trillion (USD152 billion) in 2015, up 7.3 percent year on year. It is the eighth straight year that the metropolis has led Chinese cities in terms of consumer spending.

Online sales contributed 82.6 percent of sales. Online sales have prompted traditional stores, including 13 of Beijing’s 77 "time-honored brands" from snack stores to shoes sellers, to move their goods online.