China's e-commerce trade hits 8.1 trln yuan

By Zhang Junmian
0 Comment(s)Print E-mail, June 3, 2013
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China's e-commerce trade was worth 8.1 trillion yuan (US $1.29 trillion) in 2012, up 31.7 percent from 2011, with a growth rate about 4.1 times larger than China's gross domestic product last year, according to a report released by the Ministry of Commerce (MOC), at the 2013 China (Beijing) E-commerce Conference.

The conference, hosted by the MOC and Beijing Municipal Commission of Commerce, aims to promote the sound and sustainable development of China's e-commerce and will conclude on June 1.

The country's online retail trade continued its "explosive growth" and reached 1.3 trillion yuan (US $206.3 billion) by the end of 2012, up 67.5 percent compared to 2011.

Jiang Yaoping, MOC's vice director, said that China's electronic commerce has played an increasingly important role in promoting the traditional service industry in recent years.

But the country's e-commerce is still at the preliminary stage of development, Jiang said.

He stressed that the commerce administrative authorities should attach a greater importance to the role played by e-commerce in promoting the transformation of the entire economy, and continue to enhance the efficiency of electronic commerce.

More efforts should also be done to strengthen the government's role in guiding the sound development of the sector, as well as bringing into full swing the role of electronic commerce in the expanding international market.

It's also important to encourage China's small and medium-sized enterprises to use electronic commerce to increase their market competitiveness.

The conference, one of the major sessions of the Second China International Fair for Trade in Services (CIFTIS), invited government officials, academics, consulting companies and enterprises to discuss mobile electronic commerce, industrial applications, international exchange and cooperation.

There are also exhibitions and business talks to promote partnership opportunities.




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