久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Smaller cities provide much-needed impetus

By FAN FEIFEI in Beijing and HE WEI in Shanghai | China Daily | Updated: 2020-11-12 08:53
Share
Share - WeChat
A global shopping festival ceremony is held in Hangzhou, capital of Zhejiang province, on Wednesday to celebrate the Nov 11 shopping extravaganza. [Photo by Li Zhenyu/For China Daily]

Residents from lower-tier cities and towns fueled online sales by enthusiastically unleashing their massive purchasing power during this year's Singles Day shopping extravaganza, despite mounting downside pressure from the COVID-19 pandemic.

Consumers in lower-tier cities tend to seek high-quality and smart products online. According to Chinese e-commerce giant JD, smartwatch purchases by rural consumers rose by 144 percent on a yearly basis from Nov 1 through Tuesday, while sales of smart accessories and electric toothbrushes surged 128 percent and 212 percent, respectively, on a yearly basis.

Lower-tier cities were the mainstay for book purchases, with the transaction volume in the category of books, culture and education in these markets increasing by 2.5 times compared with that in the first and second-tier markets.

During the Singles Day shopping carnival, the cities with the highest per capita consumption of new users are Yingtan of Jiangxi province, Tongchuan of Shaanxi province, Chuzhou of Anhui province, Ganzhou of Jiangxi province and Pu'er of Yunnan province.

The fourth to sixth-tier cities and townships will definitely become new battlefields for e-commerce players due to the rise in local buyers' disposable incomes and desire to upgrade their lifestyles by purchasing high-quality imported products, experts said.

George Ren, a senior partner from global consultancy Roland Berger China, said lower-tier cities have become powerful driving forces of bolstering the upgrading in the country's consumption market, while noting the buyers coming from the markets are paying more attention to the quality of products and becoming more brand-conscious.

Over at Alibaba's Tmall platform, lower-tier cities and townships have seen explosive surge in consumption, with Panjin and Tieling of Liaoning province, and Ulanqab of the Inner Mongolia autonomous region among the top three cities with the highest spending growth from Nov 1 to noon time of Nov 11.

The event is beneficial for buyers and sellers, especially those in less affluent areas.

The shopping festival is also a boon to apparel manufacturers, with some 45,000 small and medium-sized garment makers from 281 industrial bases engaged in the gala.

Pan Helin, executive director of the Digital Economy Academy of the Zhongnan University of Economics and Law, said consumers in third-tier cities and below, counties and rural areas account for about 70 percent of China's total population, indicating a huge pool of consumption potential to tap.

The lower-tier cities and towns are a huge blue sea market, which has become a new track for various industries, said Zhang Jindong, chairman of Suning, another retail giant, adding the company is beefing up its digitalization push in these markets.

Mo Daiqing, a senior analyst at the Internet Economy Institute, a domestic consultancy, emphasized that the lower-tier markets are a significant engine for driving the continuous growth of new users and boosting consumption, thus helping promote the recovery of the real economy.

Brands and retailers are eager to recover from the impact of COVID-19 and have doubled down on their investment on Double Eleven to boost sales. China's economy has seen a strong recovery and Chinese consumers' purchase behaviors have already returned to pre-pandemic levels, if not higher, said Wang Xiaofeng, a senior analyst with research firm Forrester.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 成人禁在线观看午夜亚洲 | 国产猛烈无遮掩视频免费网站男女 | 三级黄色片在线免费观看 | 久久精品爱国产免费久久 | 国产成人小视频在线观看 | 久久www免费人成_看片高清 | 欧美黑人性xxx猛交 欧美很黄视频在线观看 | 欧美成人鲁丝片在线观看 | 手机看片国产免费久久网 | 精品久久久久久久久久久 | 国产成人在线播放视频 | 欧美视频免费一区二区三区 | 性视频网站在线 | 99re免费99re在线视频手机版 | 免费观看欧美精品成人毛片 | 亚洲精品国产啊女成拍色拍 | 国产一级做a爰片久久毛片 国产一级做a爰片久久毛片99 | 精品成人免费一区二区在线播放 | 成人网18免费下 | 日本精品中文字幕有码 | 亚洲视频在线观看 | 精品国产视频在线观看 | 免费观看一级欧美大 | 久久精品2| 成人欧美网站 | 日本人成免费大片 | 国内精品久久久久久久aa护士 | 色在线免费视频 | 欧美福利一区二区三区 | 在线观看一区二区三区四区 | 99热久久国产综合精品久久国产 | a级毛片免费 | 91精品免费看 | 精品无码一区在线观看 | 亚洲男人天堂av | 男女视频在线观看免费高清观看 | 亚洲日本在线观看视频 | 国产精品1区2区3区在线播放 | 亚州在线播放 | 国产精彩视频在线 | 99这里只有精品66视频 |