Booming eCommerce bolsters consumption


New landscape: Employees at a warehouse of Cainiao, Alibaba’s logistics unit, in Wuxi, Jiangsu province. Online shopping symbolises new retail by enhancing transaction efficiency of commodities. — Reuters

BEIJING: China’s burgeoning eCommerce sector has played a vital role in bolstering the recovery of consumption, improving people’s livelihood and shoring up the economy as an increasing number of shoppers opt for high-quality and diversified products via online marketplaces, say experts.

Their comments came as this year marks the 30th anniversary of China’s full access to the Internet, which has profoundly transformed traditional economic models, accelerated social development, and revolutionised the way people work and live.

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