· China's smartphone market declined 17% YoY in 2022. China's 5G smartphone sales accounted for more than 60% of total smartphone sales in Q4 2022. Huawei and HONOR combined took the top spot in the market, capturing 41% share in 2022. Apple was the only brand to witness a positive YoY growth in the market in 2022.
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Learn MoreThe Direct Selling in China report includes: Analysis of key supply-side and demand trends. Detailed segmentation of international and local products. Historic volume and value sizes, company and brand market shares. Five year forecasts of market trends and market growth. Robust and transparent research methodology, conducted in-country.
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Learn More· Research expert covering e-commerce and FMCG in Greater China. Get in touch with us now., Dec 18, 2022. This statistic shows the annual growth of sportswear sales in China from 2022 to 2022. In
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Learn More· Its China sales pushed global deliveries to 705,452 vehicles, an increase of percent from 2022, according to the carmaker. said its SUV models served as a particular highlight as the
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Learn More· China's vehicle sales and production in 2022 both fell by around 2pc from a year earlier as a stronger second half was unable to offset falls during Covid-19 lockdowns earlier in the year. December sales rose to a 2022 high, up by from a year earlier and by from November to, said the China association of automobile
Learn MoreAuto sales in China fell by percent year-on-year to million units in November of 2022, a 7th consecutive month of decline, as a global shortage of semiconductors continued to hurt the auto sector. Sales of new energy vehicles (NEVs), including battery-powered electric vehicles, plug-in petrol-electric hybrids, and hydrogen fuel-cell vehicles, surged 121% to 450,000 units.
Learn MoreNio Sales Data & Trends for the Chinese Automotive Market. Nio started sales of its all-electric SUVs in 2022, and is one of the most promising EV startups in China at the moment. The brand started sales before having its own production facility, as the ES8 is produced in factories of JAC. A second model called ES6 was launched in 2022.
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Learn MoreChina's retail trade growth eased to percent year-on-year in November 2022 from percent in the previous month, missing market expectations of a percent increase, as consumption moderated amid widespread COVID-19 outbreaks. There was a slowdown in sales growth of jewelry ( percent vs percent in October), home appliances ( percent vs
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Learn MoreChinese VAT rates. The standard rate of VAT is 13%. Following the 2022-16 VAT reforms, there are only four VAT rates in China, plus nil rating. There are other taxes, including Business Tax (3% to 20%) on services. For small entrepreneurs, the VAT rate applicable is 3% with limits on VAT deductions.
Learn MoreWith this regulation, China makes clear that while Direct Sales is permitted in the mainland, MLM is not. Even if allowed, Direct Sales must follow several rules. The company is required to: have a business license; only pay out one level of commission; offer an advanced training course to sellers, where they have to get a license by the end of the course; and, direct sellers must
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