Two of the best Chinese stocks to buy come from the country’s surging e-commerce industry – an industry that alone is expected to be worth $540 million by 2015, according to business intelligence firm China Briefing.
Recent numbers reflect this upward trend…
Online-shopping spending in China reached $298 billion last year, easily surpassing U.S. sales of $263 billion. According to German research firm yStats, China’s consumer e-commerce market soared more than 60% in 2013.
Just in the second quarter of 2014, the gross merchandise volume (GMV) – the total sales for merchandise sold online – of China’s online shopping rose 47.1% to 630 billion yuan, compared to the same period a year earlier, according to a mid-August report from Chinese internet industry consulting firm iResearch. Additionally, the latest data from the National Bureau of Statistics indicated China’s consumer goods sales reached 6.2 trillion yuan in the second quarter of 2014, with 10.1% of that being online shopping. That’s the first time the online sales total has ever exceeded 10% in a single quarter.
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