Following the 2013 policy reform by the Chinese government, which reduced duty tax on overseas goods, it’s no surprise there’s been an uptick in online purchases.
The main two categories that have garnered the most attention for Chinese consumers have been cross-border eCommerce and online food sales.
Here are the numbers:
$17.22 billion | Amount of overseas products purchased by Chinese shoppers in 2015
$31.99 billion | Amount of overseas products purchased by Chinese shoppers in 2016
$15 billion | Expected sales amount of online food purchases by Chinese shoppers in 2016
$752 billion | Amount of 2016 online retail sales for China
10.4 percent | Year-over-year growth of online retail sales for China