Home / Business

China to be world's leader in Web retail

By Gao Yuan | China Daily | Updated: 2013-11-29 07:45

Chinese online shoppers are placing orders that will allow the country to get a new title by the end of this year: the world's largest Internet retail market.

The value of the nation's online retail market will increase from $294 billion this year to $672 billion in 2018, a compound annual growth rate of 18 percent, said Forrester Research Inc, a United States-based consultancy.

The US - currently the largest Web retail market - is expected to spend $262 billion on online shopping in 2013, said Forrester. The world's largest economy will see demand for online retail jump at an annual growth rate of about 10 percent until 2017, boosted by a strong economic rebound, it added.

China to be world's leader in Web retail

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349