Reasons to Read

We analyze the retail implications of this year’s National People’s Congress, China’s annual legislative meeting, which took place March 5–13, 2023 in Beijing.

Data in this report include:

• Year-over-year growth for China’s GDP from 2013 through 2023 (estimated)
• Specific economic targets announced during the 2023 National People’s Congress
• The value of China’s digital economy and its share of the country’s GDP in 2021

Companies mentioned in this report include: Alibaba, JD.com, Pinduoduo, Tencent and Xiaohongshu

Other relevant research:

• Market Outlook: US and China E-Commerce—Growth To Slow Post Pandemic
• Inflection Points in the Global Economy in 2023
• Temu, the New E-Commerce Marketplace Taking the US by Storm—What Do Consumers Actually Think?
• Read the Coresight Research China Consumer Tracker series