There are new signs that China’s push for a consumption-based economy may be paying off. In 2014, the national retail market stood at 26.2 trillion RMB ($4.18 trillion), representing an increase of 12 percent year-on-year. Online transactions accounted for almost half of this boom, with reports from the Ministry of Commerce (MOFCOM) indicating that e-commerce grew by 21.3 percent to 13 trillion RMB ($2.09 trillion) over the last year, buoyed by the expansion of internet access,...
China Market Intelligence
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