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China Daily / 2024-04 / 24 / Page013

E-commerce bolsters consumption

By FAN FEIFEI | China Daily | Updated: 2024-04-24 00:00
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China's burgeoning e-commerce sector has played a vital role in bolstering the recovery of consumption, improving people's livelihoods and shoring up the economy as an increasing number of shoppers opt for high-quality and diversified products via online marketplaces, experts said.

Their comments came as this year marks the 30th anniversary of China's full access to the internet, which has profoundly transformed traditional economic models, accelerated social development, and revolutionized the way people work and live.

E-commerce was a term largely unheard of two decades ago. But today it is one of the pillars of the Chinese economy, industry insiders said, while highlighting that online shopping is injecting new impetus into China's consumption, which serves as the main driving force boosting economic growth.

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