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Regular version of the site

650 billion dollars

is the volume of online retail sales that China will achieve by 2020.

This will be equal to total sales in the U.S., UK, France, Germany and Japan.

Online shopping in China has become one of the most dynamic sectors of the economy. In September 2014, online sales exceeded 1.8 billion yuan, an increase of 49.9% compared to the same period last year. At present, China’s express delivery market is the second largest in the world after the United States. However, only 600 million Chinese people have access to the internet, which is about half the population, while in the United States, 277 million people (about 90% of the population) have internet access.

These data are presented in a report by Anastasia Likhacheva, Junior Research Fellow at the HSE Centre for Comprehensive European and International Studies (CCEIS), entitled ‘A New Model of Development in the Asian Region: Continent of Consumption’. 

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