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China's e-commerce trade over 16 trln yuan in 2014
Source: Xinhua |
August 3, 2015, Monday
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Online Edition
Online Edition
Despite an anemic economy, China's e-commerce trade soared in 2014 thanks to improved Internet infrastructure and an increase in cellphone users.
Transaction volume of Chinese e-commerce platforms totaled 16.39 trillion yuan (US$2.68 trillion) in the last year, up 59.4 percent year on year, data from the National Bureau of Statistics showed on Monday.
Confronted with sluggish domestic demand, China is counting on e-commerce to lead a new wave of consumption and prop up economic growth.
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