In a testament to its digital prowess, China has retained its crown as the global leader in online retail for 13 straight years. The revelation came at the National E-Commerce Work Conference in Beijing, where digital consumption hit over 238 trillion yuan.
Since the 14th Five-Year Plan kicked off, the sector has achieved breakthroughs in high-quality growth. It powers new quality productive forces and supports the architecture of novel development paradigms.
The integration of digital tech with manufacturing stands out prominently. More than 1,500 programs uniting industries have involved 10,000 firms, accelerating upgrades in legacy sectors and enhancing online-offline integration.
Navigating external headwinds, China broadens cooperative horizons. Now with 36 Silk Road E-Commerce partners, pilot zones advance steadily, and global engagement via ‘Benefiting the World’ activities intensifies participation in its massive marketplace.
On the societal front, e-commerce sustains 78 million jobs. Annual express delivery growth nears 20% post-2021, complemented by explosive scaling in software, info services, cloud, and big data. China’s model offers a blueprint for digital economies everywhere.