China’s online shopping scene is thriving like never before! From January to October, online retail sales soared to an impressive 12.4 trillion yuan ($1.71 trillion), marking an 8.8% increase compared to last year.
This significant growth is driven by popular online shopping festivals and innovative trade-in policies that encourage consumers to upgrade their gadgets and wardrobes. These initiatives are not only boosting sales but also reshaping consumer habits across the nation.
The momentum showcases how digital platforms are becoming integral to daily life, fueling economic growth and setting new trends in the global marketplace. With the year’s end approaching, China’s e-commerce surge is a development the world is watching closely.
Reference(s):
cgtn.com
