中(zhōng)文
A Look at China’s Booming E-commerce Market
YOY Growth
Online Retail Sales

Data source:National Bureau of Statistics

Online retail market maintains rapid growth
In 2020, under the huge impact of COVID-19 and the complex and severe domestic and international environment, China's online retail market maintained steady growth, and the market scale reached a new high.
According to data from the National Bureau of Statistics, the national online retail sales reached 11.76 trillion yuan(1.82 trillion USD), an increase of 10.9% over the previous year.
In 2020, the online retail sales of physical goods was 9.76 trillion yuan(1.51 trillion USD), a year-on-year increase of 14.8%, accounting for 24.9% of the total retail sales of consumer goods, an increase of 4.2% from the previous year.

The contribution of online retail business to the 

consumer market continues to increase

Proportion of Total Retail Sales of Consumer Goods
Online Retail Sales of Physical Goods

Data source:National Bureau of Statistics