China’s e-shopping market to be world’s biggest
May 19th, 2012 - 2:36 pm ICT by IANSBeijing, May 19 (IANS) Online shopping transactions in China will surpass those in Japan in 2012 and the US by 2013 to become the world’s top most, a report has forecast.
The China Business Development Report Forecast (2011-2012) was released this week by the National Academy of Economic Strategy under the Chinese Academy of Social Sciences, the China Daily reported.
The report, however, said that the thriving online market was not enough to cover up the problems in the general circulation industry.
Jing Linbo, vice-president of the organisation, said the reasons behind this were enterprises scattered with low concentration, less competitive market, lack of theoretical research, and the need for improvement of personnel training.
- China to become biggest IT consumer in Asia-Pacific - May 19, 2012
- Britain unveils annual budget - Mar 21, 2012
- Starbucks eyes China market - Apr 03, 2012
- Government announces sops; eyes 20 percent exports growth - Jun 05, 2012
- E-commerce to make even bigger gains - Mar 28, 2012
- Google to become top online ad seller in US by 2013 - Feb 23, 2012
- Venezuela boosts oil sales to China - Aug 14, 2012
- China's economy to grow 8.2 percent this year: World Bank - Apr 12, 2012
- China calls for scientific, technological reform - Jul 02, 2012
- China's e-commerce giant hives off reward points service - Dec 20, 2011
- Chinese economy to grow 9.28 percent in 2011: Economists - Aug 21, 2011
- China is world's third most popular tourist destination - Apr 12, 2011
- China's GDP growth to hit 8.5 percent this year: ADB (Lead) - Apr 11, 2012
- South Korea's economic growth to slow in 2012: ADB - Apr 13, 2012
- Online sex shops booming in China - Jul 10, 2010
Tags: academy of social sciences, beijing, business development, china business, china daily, chinese academy of social sciences, circulation, competitive market, concentration, economic strategy, japan, national academy, shopping, theoretical research, vice president