Online shopping rules
Source: Xinhua |
May 20, 2010, Thursday
|
Print Edition
Print Edition
A report on business in China predicts Chinese consumers will spend 500 billion yuan (US$73.5 billion) via online shopping in 2010, accounting for more than 3 percent of all retail sales.
The report forecasts total retail sales of consumer goods at 15 trillion yuan this year.
The report was jointly released by the Chinese Academy of Social Sciences, the Li & Fung Research Centre, and the Social Sciences Academic Press yesterday.
The report said online shopping accounted for 1 percent of total retail sales of consumer goods in 2008 and more than 2 percent in 2009.
Online trading volume of home electronics will double to 80 billion yuan in 2010, the report said.
The report forecasts total retail sales of consumer goods at 15 trillion yuan this year.
The report was jointly released by the Chinese Academy of Social Sciences, the Li & Fung Research Centre, and the Social Sciences Academic Press yesterday.
The report said online shopping accounted for 1 percent of total retail sales of consumer goods in 2008 and more than 2 percent in 2009.
Online trading volume of home electronics will double to 80 billion yuan in 2010, the report said.
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