China's online retail sales expand in first 2 months

BEIJING - China's online retail sales logged steady growth in the first two months of 2024, data from the Ministry of Commerce showed.

In the period, online retail sales totaled 2.15 trillion yuan ($303 billion), up 15.3 percent year-on-year, according to the data.

Online retail sales of physical goods nationwide rose 14.4 percent year-on-year to 1.82 trillion yuan, contributing 22.4 percent to China's total retail sales of consumer goods.

Ice-and-snow-related consumption gained steam during the Spring Festival holiday this year, with sales of ski equipment on key e-commerce platforms soaring by more than 50 percent year-on-year, the ministry said.