Online retail sales of physical goods in China hit 10.8 billion yuan in 2021

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Online retail sales of physical goods in China surpassed the 10 trillion yuan ($1.58 trillion) threshold to reach 10.8 trillion yuan in 2021, according to its Ministry of Commerce (MOC), which recently said online retail sales in the country reached 13.1 trillion yuan. Last year. E-commerce in China’s service sector has also seen robust growth.

MOC spokesman Gao Feng said online retail sales of physical goods accounted for 24.5% of total consumer goods retail sales and contributed 23.6% of sales growth. consumer goods retail in 2021.

He said the ever-growing online retail market has become an important force in keeping growth, employment and consumption stable, according to state media.

Online retail sales of physical goods in China surpassed the 10 trillion yuan ($1.58 trillion) threshold to reach 10.8 trillion yuan in 2021, according to its Ministry of Commerce (MOC), which recently said online retail sales in the country reached 13.1 trillion yuan. Last year. E-commerce in China’s service sector has also seen robust growth.

China’s consumer market has seen an upgrading trend last year, with healthy, green and high-quality products gaining popularity among consumers, Gao added.

Fibre2Fashion (DS) News Desk

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