Published: 16:22, March 31, 2024 | Updated: 17:01, March 31, 2024
China's online retail sales expand in first 2 months
By Xinhua

A woman from Guizhou's Dong ethnic group sells handmade rabbit toys via a livestream in Congjiang county, Guizhou province on Jan 25, 2023. (PHOTO / VCG)

BEIJING - China's online retail sales logged steady growth in the first two months of 2024, data from the Ministry of Commerce showed.

In the period, online retail sales totaled 2.15 trillion yuan (about $303 billion), up 15.3 percent year-on-year, according to the data.

Online retail sales of physical goods nationwide rose 14.4 percent year-on-year to 1.82 trillion yuan, contributing 22.4 percent to China's total retail sales of consumer goods.

Ice-and-snow-related consumption gained steam during the Spring Festival holiday this year, with sales of ski equipment on key e-commerce platforms soaring by more than 50 percent year-on-year, the ministry said.