China's cross-border e-commerce expected to hit .32t in 2018

Updated 2017-10-30 15:31:56 chinadaily.com.cn
Customs officials in Yiwu, Zhejiang province, inspect e-commerce parcels from South Korea. (Photo/China Daily)

Customs officials in Yiwu, Zhejiang province, inspect e-commerce parcels from South Korea. (Photo/China Daily)

Chinese cross-border e-commerce transaction reached 6.7 trillion yuan (.01 trillion) in 2016, up by 31.6 percent, chinanews.com reported Sunday, citing an index released at a forum held in Shanghai.

The Chinese Cross-Border E-commerce Index also predicted that by 2018, value of China's import and export transaction via e-commerce, including retail and business-to-business, might hit 8.8 trillion yuan.

According to the index, people born in the 1980s were the major buyers, accounting for 59 percent of the cross-border orders in 2016, while those born in the 1990s made up 23 percent and those born in the 1970s accounted for 14.4 percent.

Most of these buyers were highly educated, employed in big corporate and had kids.

In the year 2016 and 2017, the best-selling goods were cosmetic products, baby-mummy products, shoes, clothes, health products, accessories and suitcases.

Shanghai, Beijing and Hangzhou are top three locations where people favored cross-border e-commerce. Shanghai consumers accounted for 11.9 percent of the entire cross-border buyer population, while Beijing consumers accounted for 11.1 percent and Hangzhou consumers for 3.8 percent.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 17 2017 02:38:43

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 17 2017 02:38:43

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 17 2017 02:38:43

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords