Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China remains world's largest online retail market: ministry

January 20, 2021


Abstract : China's online retail sales of goods rose 14.8 percent year on year to 9.8 trillion yuan (about 1.5 trillion U.S. dollars) in 2020, data from the Ministry of Commerce (MOC) showed Tuesday.

BEIJING, Jan. 19 (Xinhua) -- China's online retail sales of goods rose 14.8 percent year on year to 9.8 trillion yuan (about 1.5 trillion U.S. dollars) in 2020, data from the Ministry of Commerce (MOC) showed Tuesday.

China has ranked the largest online retail market in the world for eight years in a row, the MOC said, noting that online retail sales accounted for 24.9 percent of the country's total retail sales volume last year.

Surging online sales boosted the courier sector, with a total of 83.36 billion parcels being delivered through the year.

In 2020, e-commerce sales via livestreaming also gained popularity, with more than 20 million livestreaming marketing activities taking place.

The MOC data also showed that the country's imports of consumer goods increased by 8.2 percent year on year to 1.57 trillion yuan. Enditem

Scan the QR code and push it to your mobile phone

Keyword: e-commerce online retail

Reading:

Freight trains between China and other Asian countries register increased trips in 2020

Investors feverishly subscribe new funds to enter A-share market

China-Europe freight train hub Chongqing sees surging trips in 2020

New International Land-Sea Trade Corridor links 250 ports in 96 countries, regions

Deliveries begin for Tesla's China-made Model Y

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial