China's e-commerce industry expected to grow at over 50 pct every year
China's e-commerce, in a crucial stage of development, is to grow at over
50 percent every year, said Song Ling, chairman of China Electronic Commerce
"E-commerce has become an important part of people's life and
also a strong driver of China's market economy," said Song at the eighth China
International E-commerce Conference held here Sunday.
In recent years,
e-commerce has been expanding fast with annual sales rising at 40 percent on
average. According to Song, Beijing ' s transaction volume of e-commerce reached
66.6 billion yuan (8.27 yuan against US dollar) last year, Shanghai over 70
billion yuan, and south China's Guangzhou 23 billion yuan.
Rural areas have
started over 2,000 websites for e-commerce. E- commerce lowered the transaction
cost in traditional industries and improved service management in sectors of
finance, telecom and logistics, Song said.
She estimated that, this year, the
development of e-commerce would focus on the construction of a credit record
system, electronic payments, modern logistics and human resources.
environment for e-commerce in China is improving gradually. On April 1, China's
first "electronic signature act" started to take effect, which is considered the
milestone of China's e- commerce development.
The eighth China International
E-commerce Conference was launched by China Electronic Commerce Association and
organized by Xinhuanet.com.