Strong Growth in Chinese Ecommerce
People's Daily Online reports on the growth in ecommerce in China hitting a record 553.1 billion yuan (US$68.72 billion), an increase of 58 per cent over 2004.
The consumer-to-consumer market has become the fastest growing segment, with payments of 13.5 billion yuan (US$1.68 billion) -- triple the 2004 volume according to the study released yesterday by the China Internet Development Research Centre (CIDRC) under the Chinese Academy of Social Sciences.
As part of the study, a CIDRC survey conducted last December among 3,483 netizens in five Chinese cities Beijing, Shanghai, Chongqing, Xi'an and Jinan showed that by the end of last year, more than 71.3 per cent of netizens had shopped online, while this proportion in the Asia-Pacific region stood at an average of 70 per cent. And about 95 per cent of the respondents said they were optimistic about the future of online business, which indicated there would be continuous growth in the coming years.
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