Savills: Shanghai was CNY850bn retail market in 2013
In its recently published report, China’s Cities, Savills noted that retail sales in Shanghai in 2013 amounted to about CNY850bn and, by that measure, was the second largest metropolitan retail market in the country. Disposable income among urban households was approximately CNY44,000 per annum. GDP per capita was CNY90,000. In 2011, there were around 230mn domestic tourism arrivals and about 8mn international tourism arrivals.
Source : Savills/December 2015/Shanghai/RET