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China's online retail sales rise 29.9% in Q1

Updated: May 04,2021 09:16 PM    Xinhua

BEIJING — China's online retail sales maintained steady growth in the first quarter (Q1) of the year as the economy further recovered from the impact of COVID-19.

In the January-March period, online retail sales went up 29.9 percent year-on- year to 2.81 trillion yuan (about $434.5 billion), according to data released by the Ministry of Commerce.

Average first-quarter growth of online retail sales for the past two years stood at 13.5 percent, the data showed.

Rural online retail sales reached 439.79 billion yuan, increasing 35.3 percent from a year earlier and resulting in an average first-quarter year-on-year growth of 14.7 percent over the past two years.

Online sales of agricultural products amounted to 105.58 billion yuan in the same period, representing a year-on-year growth of 4.9 percent, the ministry said.

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