(0119 CR M15)E-COMMERCE BOOM IN CHINA
DATELINE: Jan 19, 2011
E-commerce turnover in China jumped 22 percent in 2010 to 680 billion U.S. dollars - new figures show.
An industry report reveals online retail sales almost doubled to nearly 78 billion U.S. dollars last year.
The report estimated that online retail sales would double to hit 150 billion U.S. dollars in the next two years.
It will take up more than 5 percent of the nation's total retail sales.
Expert says the government's policy and easy access for new comers were the reasons behind the steady sales growth.
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Producer : Xinhua News Agency