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MOFCOM Monitoring: Smart Glasses Online Retail Sales Surge 1.6x in 1Q26; Online Travel Booking Sales Up 33.4%
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China's Ministry of Commerce (MOFCOM) stated that in 1Q26, mainland e-commerce maintained steady growth. According to MOFCOM big data monitoring, national online retail sales of agricultural products increased 14.7% during the period, while transaction value of key monitored industrial product e-commerce platforms rose 10.5%. E-commerce platforms have become an important force in the research, development and application of artificial intelligence large models. The 8th "Dual-Product Online Shopping Festival" actively supported the "Shopping in China" campaign, with integrated online and offline digital consumption becoming a key driver of consumption growth. According to MOFCOM big data monitoring, online retail sales of digital products such as smart glasses and digital cameras surged 161.9% and 71.5% respectively. Online bookings for travel and catering recorded sales growth of 33.4% and 21.6% respectively. During the period, the "Silk Road E-commerce" initiative promoted partner countries' products to "export to China". According to MOFCOM big data monitoring, online retail sales of Indonesian coffee beans, Hungarian facial cleansing products and Chilean plums increased 284.9%, 186.6% and 133.2% respectively. E-commerce also facilitated two-way investment. MOFCOM data showed that in the first two months, the proportion of outward direct investment and actual foreign investment utilization in the digital sector increased by 1.3 ppts and 0.2 ppts respectively compared with the full year last year.(ta/u) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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