China’s economic growth of the first three quarters shifted from negative to positive in Q3 2020.
China’s gross domestic product (GDP) for the first quarter declined by 6.8% year on year and grew by 3.2% in the second quarter of 2020 according to China’s National Bureau of Statistics. The GDP in Q2 grew by 11.5% quarter on quarter.
Taobao will leverage its live streaming technology to help incubate 1,000 key opinion leaders in China’s countryside in an effort to boost rural development according to Alibaba. By helping farmers go online, Taobao aims to enable farmers to find new markets and customers from their homegrown products.
China B2B e-commerce market reached 5.48 billion yuan in Q1 2015 and 6.39 billion yuan in Q4 2015 according to Analysis.
In 2013, the e-commerce transaction value of China’s agricultural products exceeded RMB50 billion (US$8.17 billion), said Chen Xiaohua, China’s Vice Agriculture Minister. Informatization has great influence on accelerating transformation of agriculture and developing modern agriculture in China.