Chinese people throw 3 billion dollars a day

November 11 is China's Singles Day, but also the most eagerly awaited profit for all shop shops, it has almost become the largest U.S. online shopping festival "Super Monday" version. However, the Chinese electric business in this day's income to its peers on the other side of the ocean only envy, more than billion Chinese netizens on 11th, the day crazy under a single, net purchase total breakthrough 3 billion U.S. dollars, a full line beyond the United States.

The Singles Day is not a traditional Chinese festival, but it was originally a kind of interesting culture which was popular in China's universities in the 90, but only

15 years of time, will be popular. Savvy Chinese power makers have been able to offer a 70% discount to the Chinese online shopping carnival.

This year's Singles Day online shopping is refreshing all the records. More than 50,000 businesses have made 3 billion of billions of dollars in revenue through Alibaba's two big online shopping platforms, Taobao and Cat. The U.S. last year's "Super Monday", its turnover of only 1.25 billion U.S. dollars.

China's electricity dealers are making pots full of money, and the huge consumption power of the domestic market is not irrelevant. According to the Boston Consulting Group, China currently has nearly 538 million internet users, of whom about 193 million have internet shopping habits, 23 million more than the US. At present, China's annual net purchases (USD 74 billion) are inferior to that of the US (USD 256 billion) and Japan, however, experts pointed out that China's 2015-year online transactions will reach 360 billion U.S. dollars, sitting on the top of the world, "all interested companies to expand the global business, the need to actively occupy China's electricity market."

Experts are not empty, the number of Chinese netizens is still surging, 2011 new 39 million net buyers, turnover is bound to rise. According to China's E-commerce Research Center, the first half of this year's net purchase amount of about 56 billion U.S. dollars, up from the same period last year 18.6%, but the net share of the proportion of the national total retail sales of 4.32%, a great potential to dig.

Of course, unlike developed countries, to achieve the increase in the volume of electricity dealers in addition to changing the way shopping, but also to stimulate domestic demand, which is the main issue of China's future development.

"November 11 is the fourth day of the 18 Congress of the Communist Party of China," The New York Times website reported November 11. However, at the same time it is also "Singles Day" The Chinese call this non-statutory festival unique in the world, for those who wish to celebrate or lament their single life, they can do their shopping, and often on the internet, from winter clothes, jewelry to cars, all inclusive.

At the moment, China is undergoing a delicate regime transition and is plagued by a slowdown in growth rates. For the government, the popularity of the consumer market is good news, even if it is only a day.