Economy
China's e-commerce turnover up 22% in 2010
Updated: 2011-01-19 07:19
(Xinhua)
SHANGHAI - E-commerce turnover in China jumped 22 percent in 2010 from a year earlier to 4.5 trillion yuan ($681.82 billion), an industry report said on Tuesday.
The report estimated that online retail sales would double to hit 1 trillion yuan in the next two years, taking up more than more than 5 percent of the nation's total retail sales.
Zhang Zhouping, an analyst with the researcher center, said the steady sales growth was due to the government's policy support for e-business, and easy access for new comers to start doing business.
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