Chinese like shopping on US websites
Updated: 2015-07-29 10:31
By ZHONG NAN/SHI JING(China Daily)
|
||||||||
Overseas goods sold on Tmall, the online marketplace, being packed for shipment in China at the Hangzhou Cross-border Trade E-commerce Industrial Park. [Provided to China Daily]
High level of development, prohibitions on counterfeit goods cited as main reasons
The United States became China's biggest online exporter in 2014, in particular for education, healthcare and food products, according to a report released in Beijing on Tuesday.
Chinese consumers made 18 times more purchases from the US than from other countries such as the United Kingdom, Japan and Canada last year, according to the 2015 China Cross-border Consumption Annual Index Report, jointly produced by Visa Inc and Economic Information Daily.
Although the report does not provide figures for e-commerce trade, it said the popular online sales seasons in the US for Chinese buyers are around Black Friday (the day after Thanksgiving Day), Christmas, New Year's Day and other national holidays.
Yu Xueli, general manager of Visa China, said the US has a well-developed IT infrastructure, business environment and logistics network, as well as strict regulations to prohibit the sale of counterfeit goods, making it attractive to Chinese buyers.
"The busy season for Chinese consumers was between September and December. Online department stores, branding shops, and airline websites are their favorite shopping places," said Yu.
China became the world's largest e-commerce market in 2013, and cross-border e-commerce in China surged by 44 percent year-on-year to 449.2 billion yuan ($72.33 billion) last year, according to the Chinese Academy of International Trade and Economic Cooperation in Beijing. This figure represents 15 percent of China's foreign trade.
In 2014 the country bought 129 billion yuan of foreign goods via online trading platforms, up 60 percent from the previous year.
As an emerging and rapidly growing segment in China, cross-border online shopping is commonly known as haitao, a Chinese word for domestic consumers shopping overseas or paying for third parties to buy products and ship them to China.
Geng Xiaoyan, 33, a marketing specialist in Shanghai, defines herself as "a heavy user" of overseas online shopping. She says that for daily recreation she browses through all kinds of overseas shopping websites or smartphone applications.
"As a large number of overseas shopping platforms are able to deliver international shipping nowadays, I can shop everything you name on these platforms, from home appliances to all my shoes and clothes," she said.
But the major consumer at her home is her 4-year-old son. Everything he uses now, from shampoo to body lotion, underwear, toothpaste, toothbrushes, healthy food, books, and toys are all bought from overseas websites. Geng said the high safety standards of the products she buys her son is her main reason for choosing these platforms.
Zhang Li, deputy director of the e-commerce research department at the Chinese Academy of International Trade and Economic Cooperation, said China's online purchases of educational products, including education websites, books, intelligent development toys and physical education products, have become another new market growth point to diversify China-US trade since last year.
The Ministry of Commerce forecasts annual growth in China's cross-border e-commerce market at 30 percent for 2016.
The report also said that the growth of cross-border e-commerce trading activities between the Chinese mainland and Hong Kong dropped in 2014.
Contact the writers through zhongnan@chinadaily.com.cn
- Journey to Mogadishu: A 'special' place
- Turkey keen on upgrading strategic ties with China: Erdogan
- Nippon Paint adds color to Singapore's 50th Anniversary
- Chinese top political advisor calls for further improvement of Sino-Indonesian ties
- Chinese student detained in Iraq freed
- Skydivers soar through the edge of the world
- World's largest radio telescope being built
- Elvis Festival pays tribute to the King of Rock 'n' Roll
- Four-color rice turns paddy field into artwork
- Images capture modern life of a warrior monk
- The world in photos: July 20 - 26
- Amazing landscape of China in white and black
- Across America over the week (July 17- July 23)
- Unusual but true: 'Love' conquers all
Most Viewed
Editor's Picks
Seventh China-US strategic dialogue |
Premier Li embarks on Latin America visit |
What do we know about AIIB |
Full coverage of Boao Forum for Asia |
Annual legislative and political advisory sessions |
Spring Festival trends reflect a changing China |
Today's Top News
Beijing condemns Somali attack, mourns deaths
Panda 'fakes pregnancy' to get better living conditions
China eyes deepened cooperation with overseas NGOs
Monster Hunt breaks Chinese box office record
Olympic bid panel cites city's merits
Astronomers discover most Earth-like planet yet
Seattle Chinatown leader killed in shooting
Flight details of Obama's Kenya trip leaked
US Weekly
Geared to go |
The place to be |