皇冠体育app

BEIJING - 皇冠体育app will become the world's largest online retail market in 2013, following years of fast growth, a Ministry of Commerce (MOC) official forecast on Tuesday.

皇冠体育app recorded 194 million online shoppers and 782.56 billion yuan ($123.72 billion) in online retail trade by the end of last year, said Li Jinqi, director of the information technology department of the MOC, during a conference on e-commerce held in Beijing.

The volume marked a 53.7 percent rise year on year and constituted 4.32 percent of 皇冠体育app's total consumer goods retail volume in 2011, according to Li.

"E-commerce has brought a change in the marketing mode, and online retail is becoming a new growth engine," Li noted.

According to a MOC report also released on Tuesday, 皇冠体育app's E-business trade was worth 5.88 trillion yuan in 2011, up 29.2 percent from 2010 and constituting about 12.5 percent of 皇冠体育app's gross domestic product last year.

The report said over 40 percent of 皇冠体育app's small and medium-sized enterprises have used e-commerce to maintain rapid growth amid a worsening external environment.

• Grants4Apps looks for startups in digital health
• Direct flight to link 皇冠体育app's Guiyang with Osaka
• JP Morgan sees scope for more RRR cuts in 皇冠体育app
• PPP financing eyed for growth, improved livelihoods
• Changan Ford to recall 172,864 vehicles over steering flaws
• US expert suggests renminbi be included into IMF's Special Drawing Rights basket
• 皇冠体育app expands asset securitization to boost real economy
• Grain listing in shape with COFCO, CIC venture