An official with the e-commerce department of the Chinese Ministry of Commerce pointed out that during the first three quarters, e-commerce witnessed… China Continuously healthy development, and has actively worked to promote the steady growth of consumption, advance the digital transformation of industries, accelerate research and development and application of new technologies, and deepen international economic and trade cooperation, according to what was reported by the official Chinese news agency (Xinhua).
According to the agency, the formation of new momentum for consumer e-commerce is accelerating. Among the total online retail sales in China during the first three quarters, the sales volume of physical goods reached 9.1 trillion yuan, an increase of 7.9 percent. Measures to boost digital consumption have been effective, as consumption of online services has grown rapidly, and the policy of “replacing old goods with new ones” is driving a new growth point.
