gtag('config', 'UA-126458755-1');
Menu Close

Why Selling in China

The Chinese Economy

China’s economy has enjoyed over the past 30 years an explosive growth, leading China to become the world’s largest economy. In 2017, growth of China’s GDP was over $23 trillion, the largest in the world. Even though China’s growth rate has slowed compared to the double-digit growth rates before 2013, there is still a strong upwards trend especially in second and third tier cities.

China has fueled its growth with massive government spending, and also by controlling strategically-important companies that dominated their industries. Also, the focus on technology exchange was an important growth driver, which enables China to quickly catch up with other international leading companies. The massive growth quickly leads to higher domestic spending and a fast-growing middle and high-income class especially in big cities.

The Growth of Consumption in China

consumption China
Consumption Growth in China from 2001 to 2016 measured in RMB per household

Facts about E-Comemrce and M-Commerce in China

National E-commerce turnover: 29.16 trillion ¥ | Growing by 11.7%

National online retail sales: 7.18 trillion ¥ | Growing by 32.2%

Revenue of the E-commerce service industry: 2.92 trillion ¥ | Growing by 19.3%

Employment by E-commerce shops and platforms: 42.5 million people | Growing by 13%

Payment transaction by mobile payment systems : 143.26 trillion ¥ | Growing by 44.32%

M-Commerce Growth

E-commerce trend
M-Commerce Transaction Size in China (BLUE: Transaction size in trillion Chinese Yuan; ORANGE: Year-on-year growth rate)

Let us tell you what potential your products have in China

Contact us with your needs and requirements and we will tell you why and how you should be active in China!