China B2B Total Revenue Up 11.3% in Q2 2012

According to the quarterly market monitor report for Q2 2012 by Enfodesk, China B2B operation revenue was 3.39 billion (USD 536 million). The quarter on quarter growth was 11.3% and the year-on-year growth was 13%.

Chinese macro-economy had nice growth in Q2 and the import and export trade brought great chances to B2B e-commerce. Based on the data by General Administration of Customs, the total transaction reached 98.06 billion yuan (USD 15.49 billion).

The business model of Chinese B2B industry has remained the same for a long time, which need innovation if expecting long-run development.

China’s Economy in Four Charts 2012H1

China Economy By Numbers June 2012

China Economy By Numbers June 2012

China’s CPI grew 2.2% in June, down from May’s 3.0%, according to the National Bureau of Statistics. [Read more...]

The World Bank Lowered Forecast for China’s 2009 Economic Growth

china

via FT,

The World Bank lowered its forecast for China’s 2009 economic growth on Wednesday but warned Beijing that it would be thwarting its own medium-term goals if it tried to offset the slowdown by further boosting investment.