Homepage |
首页 新闻动态 法律服务 数据服务 项目服务 投资环境 投资服务机构 经济开发区
Macro-Economy | Business Economy | Industrial Economy | Regional Economy

Home >News >Full article
E-commerce channels contribute over half of Q1 home appliance sales: report
2020/5/8 13:56:48 Source:Xinhua

BEIJING, May 3 (Xinhua) -- China's online retail sales have played a bigger role in boosting home appliances consumption, with e-commerce contributing over 50 percent of the total retail sales in the first quarter (Q1) of 2020, said a report released by the think tank CCID under the Ministry of Industry and Information Technology.

Total retail sales of home appliances stood at 120.4 billion yuan (about 17 billion U.S. dollars) during the January-March period, a marked decrease from the same period last year.

In Q1, large appliances logged slumping sales, while high-end and small appliances reported steady growth, according to the report.

Enterprises in the sector moved actively online in both sales channels and product layout, said the report, estimating a bigger proportion of online retail sales in the total.

With the gradual restoration of economic and social activities, the climate of the home appliances market will further improve and a new type of consumption pattern integrating online and offline channels will become mainstream, it said. Enditem

Print Collection Close
 Related News More>>
 Site Map | About Us | Services | Links | Statement

Ministry of Commerce of the People's Republic of China Department of Foreign Investment Administration

Operated by Investment Promotion Agency of MOFCOM

Tel:  (86-10) 64404554

Copyright by Invest in China

Fax: (86-10) 64515317

ICP Record No.: Beijing ICP 06041048-4 E-mail: service@fdi.gov.cn