China’s 2021 online retail sales of physical goods top 10 trillion yuan

A package assembly line in a logistics industrial park, Nantong, east China's Jiangsu Province [CGTN-CFP]
A package assembly line in a logistics industrial park, Nantong, Jiangsu [CGTN-CFP]
CGTN | 25-Jan-2022

China’s online retail sales of physical goods exceeded the 10-trillion-yuan ($1.57 trillion) threshold to hit 10.8 trillion yuan in 2021, Chinese Ministry of Commerce (MOFCOM) said on Thursday. In 2021, China’s online retail sales reached 13.1 trillion yuan, MOFCOM spokesperson Gao Feng told a press briefing.

Online retail sales of physical goods accounted for 24.5 percent of total retail sales of consumer goods and contributed 23.6 percent of the growth of retail sales of consumer goods in 2021, Gao said. He added, steadily growing online retail market has become an important force keeping growth, employment and consumption stable.