IT: Online transactions to reach 1000b yuan
(Xinhua)
Updated: 2006-07-19 16:09
China's on-line transactions are expected to reach one trillion yuan this
year, a sharp rise from last year's 700 billion yuan, said a report released
here Tuesday.
China's e-commerce transaction volume has grown by 50-60
percent over the past couple of years and is expected to maintain fast growth
for several years to come, said the report released by China Center for
Information Industry Development Consulting (CCID Consulting).
The
number of Chinese netizens has surpassed 110 million and more than 40 million
personal computers have access to broadband. "It means China's infrastructure is
ready for a boom in e-commerce," said Chi Congbing, analyst with CCID
Consulting.
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