In Q1, China's cross-border e-commerce trade increased 9.6% YoY to $81.3B, driven by growth with Silk Road partners.
China's cross-border e-commerce trade increased 9.6% YoY to $81.3B in Q1, driven by growth with Silk Road partners like Hungary, UAE, Cambodia, Brazil. MOC noted accelerated international e-commerce cooperation, with Chinese platforms organizing roadshows in foreign countries, connecting with over 60 SMEs in Italy. National online retail sales reached 3.3T yuan, up 12.4% YoY, led by service consumption.
April 20, 2024
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