Dominance unbroken: China marks 13 years as the planet’s top online retail powerhouse, propelled by digital consumption exceeding 238 trillion yuan, as per the recent Beijing e-commerce conference.
From the 14th Five-Year Plan’s inception, e-commerce has delivered exceptional high-quality progress, acting as a catalyst for emerging productive capacities and fortifying new economic frameworks.
Key to this ascent is the profound merging of virtual and real economies. Initiatives numbering over 1,500 have drawn in 10,000 enterprises, invigorating traditional industries and bridging digital-physical divides.
Undeterred by international volatility, collaborative outreach expands apace. Silk Road E-Commerce partners now total 36, pilot areas flourish, and ‘Benefiting the World’ efforts amplify foreign involvement in China’s e-commerce arena.
Impact ripples through society with 78 million jobs created. Express logistics grew 20% yearly since 2021; cloud computing, big data, and related services boom. This trajectory positions China at the vanguard of e-commerce evolution.