04.January.2019 – World

E-commerce is large, yet it is still growing

Source: Statista, data visualization made with Tableau
Source: Statista

Global growth of e-commerce has been explosive in the past decade, and is expected to double by 2021, according to a market research report released by eMarketer. E-commerce has been particularly popular in China; China’s share of e-commerce accounted for 16% of global e-commerce sales in 2016, and Chinese trade volume of cross-border e-commerce players grew four times between 2011 and 2016.[1] Furthermore, last year the Chinese government announced plans to boost cross-border e-commerce transactions by designating 13 pilot cities, giving benefits and policy supports for companies and individuals on logistics, administrative registration, tax and law. China’s support for e-commerce could be a crucial part of the One Belt One Road initiative, as e-commerce could expand services trade across the region. How far e-commerce sales could grow and how China could use its initiative and e-commerce in tandem to advance its goal of creating an integrated economic zone in Eurasia?________________________________________________________________________

[1] Statista. From China E-Commerce Market Data Report 2016, page 59, Trade volume of China’s cross-border e-commerce players from 2011 to 2016 (in trillion yuan) and from MOFCOM China, June 2017, Market volume of the total e-commerce trade from 2005 to 2016 (in trillion yuan)


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