Online Sales Drive Six-Month Retail Growth: Ministry of Commerce

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By Isabelle Li / Aug 09, 2019 05:32 PM / Economy

Photo: VCG

China’s economic growth is slowing, but the e-commerce sector apparently hasn’t got the message.

The country’s online retail market posted strong year-on-year growth of 17.8% in the first six months of 2019, 2.5% faster than the figure for the first quarter alone, the Ministry of Commerce said Thursday.

Online retailers recorded sales of 4.82 trillion yuan ($683 billion) in the first half of the year. Physical goods raked in 3.82 trillion yuan, a rise of 21.6% compared to the same period last year, powering nearly half of the total growth in the country’s consumer retail market, according to a statement on the Ministry’s website.

Cross-border and rural online shopping also grew above the overall rate at more than 20%, according to the Ministry.

Contact reporter Isabelle Li (liyi@caixin.com)

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