China Becomes the World’s Largest Importer of e-commerce Goods
With the growing economy day by day, China has become the world's largest importer of e-commerce goods. The country has a population of cross-border e-commerce consumers increasing by 10 times over the past three years.
According to a report, China's consumption growth has promoted sustainable development of import business and the post-'90s and '95s consumers have become the largest consumers of imported goods.
Also, the proportion of people buying imported goods through cross-border e-commerce platforms increased from 1.6 percent in 2014 to 10.2 percent last year. The number of consumers at Tmall Global, the cross-border e-commerce site of Alibaba Group rose10 times from 2014 to last year.
"China is becoming one of the largest consumer markets in the world, and this huge consumer ...