Subscribe free to our newsletters via your
. Space Travel News .




TRADE WARS
China's e-commerce transactions hit $2 trillion in 2014: govt
by Staff Writers
Beijing (AFP) Jan 21, 2015


China's e-commerce boomed in 2014 with transactions reaching around 13 trillion yuan ($2.09 trillion), the government said Wednesday, as Beijing looks online for new drivers of growth.

The commerce ministry did not define transactions, beyond saying that the term included both business-to-business and retail transactions.

Spokesman Shen Danyang said in a statement that they grew 25.0 percent year-on-year in 2014.

China's National Bureau of Statistics said Tuesday that online retail sales alone were at 2.8 trillion yuan in 2014, up 49.7 percent.

China has the world's biggest online population -- 632 million last year -- and online shopping has exploded in recent years as consumers turned to the Internet for cheaper products and overseas goods that are believed to be safer than domestic options, such as baby formula.

During its 24-hour shopping promotion Singles Day on November 11, the country's e-commerce giant Alibaba said consumers spent a record $9.3 billion, up 60 percent on 2013.

Authorities have said they hope e-commerce will become a new "engine" for growth in the world's second-largest economy, where growth decelerated last year to 7.4 percent -- the lowest in nearly a quarter of a century.

"(Online shopping) generated a great number of jobs. It is an emerging industry and we should support its healthy development," Chinese Premier Li Keqiang said last year.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Japan, Thai firms invest $10.4 billion in China's Citic
Tokyo (AFP) Jan 20, 2015
Japanese trading house Itochu said Tuesday that it is teaming up with Thai agricultural giant Charoen Pokphand Group to invest $10.4 billion in Chinese conglomerate Citic Group. The deal would see the pair acquire a 10 percent stake in Citic for HK$34.4 billion ($4.4 billion) and invest another HK$45.9 billion in convertible preferred shares, which could ultimately double the size of their s ... read more


TRADE WARS
Soyuz Installed at Baikonur, Expected to Launch Wednesday

Russian firm seals $1 billion deal to supply US rocket engines

SpaceX CEO Elon Musk wants to shake up satellite industry

Firefly Space Systems and NASA have Inked Space Act Agreement

TRADE WARS
Team Working on Strategy to Fix Flash Memory Issue

UA-led HiRISE camera spots long-lost space probe on Mars

Lost and found in space: Beagle 2 seen on Mars 11 years on

Crystal-Rich Rock 'Mojave' is Next Mars Drill Target

TRADE WARS
Service Module of Chinese Probe Enters Lunar Orbit

Service module of China's lunar orbiter enters 127-minute orbit

Chinese spacecraft to return to moon's orbit

Russian Company Proposes to Build Lunar Base

TRADE WARS
Maybe two more planets in our Solar System: astronomers

Two Earth-sized planets hidden at the edge of our Solar System

NASA's New Horizons Spacecraft Begins First Stages of Pluto Encounter

NASA's New Horizons probe begins Pluto observations

TRADE WARS
Three nearly Earth-size planets found orbiting nearby star

Three-Planet System Holds Clues to Atmospheres of Earth-size Worlds

Meteorites weren't exactly the building blocks of young planets

A twist on planetary origins

TRADE WARS
Watch SpaceX nearly land rocket on floating barge

Watch NASA test the newest space launch system rocket engine

Alaskan sounding rocket studies role of solar wind on Earth's atmosphere

Rocketdyne Completes Hot-Fire Test With RS-25 Engine Controller Unit

TRADE WARS
China launches the FY-2 08 meteorological satellite successfully

China's Long March puts satellite in orbit on 200th launch

Countdown to China's new space programs begins

China develops new rocket for manned moon mission: media

TRADE WARS
Europe comet mission deserves Nobel: space chief

Meteorite material born in molten spray as embryo planets collided

Asteroid to Fly By Earth Safely on January 26

Dawn of a strange new world




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.