The Gross Value Added for Wholesale and Retail Trade, Transport, Accommodation, and Food Service Activities in China is projected to see steady growth from 2024 to 2028, starting from 19.067 trillion yuan in 2024 and reaching 21.906 trillion yuan by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.5% over the forecasted period, pointing towards a consistent expansion of the sector. In 2023, this sector experienced a value of 18.353 trillion yuan (assuming based on common historical trends), which means the 2024 forecast represents a growth, continuing the positive trend from the actual data of 2023.

Key future trends to watch include:

The impact of e-commerce and digital transformation on traditional retail and wholesale channels.
Infrastructure and policy developments in transportation that could affect logistics and trade efficiency.
Tourism policies and consumer behavior affecting the accommodation and food service sectors, especially in post-pandemic recovery phases.