China's e-commerce continues to grow in January-July as digital product sales increase - Chinese report

According to the Ministry of Commerce, China's e-commerce (EC) saw sustained development in the first seven months of this year, promoting industrial digital transformation and consumption.
Sales of digital products are increasing due to the effects of the replacement policy.
According to monitoring data, online sales of PCs increased 29.9% year-on-year in January-July, wearable devices increased 28.4%, and mobile phones increased 20.3%.
Consumption of services is also increasing rapidly, with online sales of travel increasing by 24.8%, food and beverages by 16.6%, and culture and entertainment by 11%. In addition, the amount of e-commerce transactions for agricultural products increased by
Domestic demand is expanding, and since April, sales in the special foreign trade zones within major e-commerce platforms have increased.
Sales exceeded 4 billion yen (approximately 82.64 billion yen).