Hangzhou surpassed Beijing and Shanghai in terms of GDP per capita. Beijing was the most active city compared with Shanghai, Shenzhen, and Hangzhou. Beijing has invested the most in fixed assets while Shenzhen is the fastest-growing one.
Shanghai’s GDP exceeds RMB 3 trillion mark for the first time according to the economic data of 2017, stabilizing its No. 1 position of China cities. More importantly, it brings spillover effects to Yangtze River Delta and surrounding areas. Due to Bin Hai new town’s GDP contribution, Tianjin’s economic growth in 2017 was cut and […]
Shenzhen: An outlier in spending habits Shenzhen, despite having among the highest per capita incomes in China, and the third-highest disposable income per capita has significantly lower consumer spending than other first-tier cities. In 2017, Shenzhen’s per capita disposable income rose to 27,505 yuan (US$4,232); this is second only to Shanghai and Beijing among all Chinese cities, […]
Cross-border retail e-commerce in Xiamen, a sub-provincial city in southeastern Fujian, China, beside the Taiwan Strait, is growing rapidly at Xiamen Free Trade Zone in the first half year of 2017. The imported parcels (including personal express, cross-border direct purchase products) grew to 1.08 million pieces worth 180 million yuan in the first six months of 2017 […]
China’s gross domestic product (GDP) reached 67.6708 trillion yuan (US$10.2872 trillion) with an increase of 6.9% YoY in 2015. The growth rate hit a record low since 1990 according to National Bureau of Statistics.
The total number of fans of China e-commerce websites on Weibo reached 24 million by the end of July 2014, becoming a large online community for online retailers.
Alibaba Ali Institute and Chinese Academy of Information Technology jointly started “E-Commerce Development Index” research in 2010. This year, Ali Institute studies 294 cities and released “China’s Top 100 Best E-Commerce Cities 2013” report.
Mobile transaction occupied 20% of total on Double 11, and the transaction grew 560% compared to 2012. This was regarded as the omen of mobile shopping outbreak. Nearly half of post-90s used mobile phone to purchase on Double 11, 2013. It means that online shopping began to transfer from PC to mobile.