News Snapshot:
With up-to-date business formats emerging and new shopping trends taking shape, China's constantly changing consumption market offers a telling example of the vitality, resilience, and potential of the economy. From quickening online-offline integration to tapping growth potential in the less-developed areas, China is making every effort to stimulate domestic demand to underpin broader growth. GOING ONLINE In the first half of the year, China's online retail sales edged up 3.1 percent year on year despite a 0.7-percent decrease in overall retail sales. Online sales of physical goods climbed 5.6 percent to account for 25.9 percent of total retail sales, data...
