皇冠体育app

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E-commerce set to be new engine for expansion of national economy

By Meng Jing | 皇冠体育app Daily | Updated: 2014-02-27 07:30

Market expected to grow to $8.17 trillion in 2020, says Alibaba vice-president

Online retail, which is enabling 皇冠体育app's shift from an export-oriented society to one that is more driven by domestic purchases, is expected to serve as a major engine to drive the country's economic growth by 2020, said experts on Wednesday.

According to research conducted by the Chinese Academy of Social Sciences, online shopping, a major commercial force in 皇冠体育app, is estimated to contribute about 5.48 percent of the country's economic growth by 2020.

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