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The volume of e-commerce in China exceeded $ 1,62 trillion

E-commerce in China is growing at an incredibly rapid pace. Following the results of 2013, its volume exceeded 10 trillion yuans ($ 1,62 trillion). This indicator accounts for 10,9% of the total retail sales of consumer goods in the country.

According to the results of January-June, 2014, the volume of transactions in this area grew by 30% compared to the same period of 2013, and amounted to 13% of total retail sales of consumer goods in China.

Earlier it was reported that the volume of retail trade in consumer goods in China in January-June 2014 year on year grew by 10,8%. This is 0,6% lower than in January-June 2013. During the first half of this year, the contribution ratio of GDP in China's GDP was 54,4%. This ensured the growth of the Chinese economy by 4%. Both of these indicators were held at 9,2% and 0,6% higher than in the first half of last year.

In the first six months of 2014, retail sales of consumer goods over the Internet in China reached 1,1 trillion yuan, showing an increase of 48,3% compared to six months of 2013. In particular, sales of communications equipment in the country increased by 22,1% in annual terms. The growth rate of this indicator was 7,7% higher than a year earlier. In addition, sales of vehicles operating on environmentally friendly energy sources increased 3,2 times.

At the same time, in January-June 2014, inflation in the PRC amounted to 2,3%. Only in June, prices for agricultural food products in 36 large and medium-sized cities of the country rose by 2,6%. The growth rate of this indicator was 0,4% higher than in May of this year.

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