中国百货商业协会：2025-2026年中国百货零售业发展报告（英文版）

In 2025, China’s gross domestic product (GDP) reached 140,187.9 billion yuan, representing a 5.0% year-on-year (yoy) growth at constant prices. National per capita disposable income stood at 43,377 yuan, an increase of 5.0% yoy in nominal terms and a 5.0% yoy rise in real terms after adjusting for price factors. Urban residents’ per capita disposable income was 56,502 yuan, up 4.3% yoy in nominal terms and 4.2% yoy in real terms. Rural residents’ per capita disposable income reached 24,456 yu