What's Inside

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