China's online retail sales increased by 9.5% year-on-year in the first seven months
Recently, the head of the E-commerce Department of the Ministry of Commerce introduced the development of e-commerce in China from January to July 2024. From January to July, e-commerce promoted the digital transformation and upgrading of industries, and international cooperation in the e-commerce field achieved mutual benefit and win-win results. According to the National Bureau of Statistics, the online retail sales in China reached 8.38 trillion yuan, an increase of 9.5%. Among them, the online retail sales of physical goods reached 7.01 trillion yuan, an increase of 8.7%, accounting for 25.6% of the total social retail sales.
