China's online retail sales hit 3.86 tln yuan in Jan-May

0 Comment(s)Print E-mail Xinhua, June 24, 2019
Adjust font size:
Workers sort parcels at an express delivery company in Donghai County, east China's Jiangsu province, Dec. 12, 2018. [Photo/Xinhua]

China's online retail sales reached 3.86 trillion yuan (about 562 billion U.S. dollars) in the first five months, accounting for over one-fifth of the country's total retail sales of consumer goods, industrial data showed.

E-commerce remained a key driver of consumption growth in 2019, according to the 2019 China E-Commerce H1 Report released by the Chinese Academy of Social Sciences (CASS).

The number of e-commerce users continued to grow, as the country's online shoppers totaled 610 million by December 2018 and 97 people out of 100 are using mobile phones to shop online, the CASS report showed.

According to the report, the purchasing power of online shoppers has also supported the robust growth of cross-border e-commerce, and the total imports and exports of the sector increased by 50 percent in 2018.

In the first half of 2019, about 45.9 percent of the 1.2-trillion-yuan consumption growth was realized via e-commerce, said Li Yongjian, an online economy expert with CASS. 

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter