BEIJING — China's total e-commerce transaction volume went up 19.6 percent year-on-year in 2021, a report said on Sept 1.

The transaction volume hit 42.3 trillion yuan (about $6.15 trillion) last year, according to a report released by the Ministry of Commerce at the 2022 China E-commerce Convention.

Of the total, the e-commerce transaction volume of goods reached 31.3 trillion yuan, while that of services came in at 11 trillion yuan last year, the report said.

Meanwhile, China will list 14 e-commerce industrial parks as e-commerce demonstration bases, bringing the total number to 155.

China's e-commerce sector ranks first in the world in terms of online retail market, online shoppers, digital express delivery business and mobile payment scale, said Vice-Minister of Commerce Sheng Qiuping, adding that the sector has shown strong resilience since 2021 despite uncertainties.

The 2022 China E-commerce Convention is part of the ongoing 2022 China International Fair for Trade in Services.