日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Op-Ed Contributors

Boost consumption growth by fostering innovative ideas

By Zhu Qiwen | China Daily | Updated: 2017-02-09 07:51

Boost consumption growth by fostering innovative ideas

A worker assembles a robotic arm at a factory in Foshan, Guangdong province. [Photo provided to China Daily]

With consumption already contributing to about two-thirds of China's GDP growth, it is not surprising to see a huge shopping spree before and during Spring Festival, the single most important holiday for Chinese.

In recent years, Chinese online retailers have created special shopping days like "Double 11" and "Double 12" to promote sales in the periods between traditional holidays.

That China's biggest e-commerce giant Alibaba registered a record sale of 120.7 billion yuan ($17.78 billion) during its annual Singles Day shopping festival on Nov 11 last year speaks volume of the success of its innovative idea of a 24-hour shopping frenzy for consumers.

However, what impressed me most during this Spring Festival was the unprecedented convenience some Chinese e-business giants offered to consumers; they not only promised timely delivery but also actually delivered on time.

When I traveled back to Wuhan, Central China's Hubei province, for my family reunion right before Lunar New Year's Eve, the heavy smog engulfing the city forced the family members to buy an air-purifier as soon as possible. I hesitated for a while before making an online purchase, because many online retailers had stopped delivering goods before the holidays. Yet, to our surprise, JD.com, another Chinese e-business giant, delivered a huge box on our door the next morning, allowing us to enjoy the Spring Festival holiday with clean air.

I am not sure how much extra cost the e-retailer would bear for ensuring such timely delivery during the holiday. For instance, it may have to pay triple the usual amount to the courier. But as a consumer, I was not only happy to meet the urgent need for an air-purifier but also impressed by the company's effective implementation of the bold idea of timely delivery during Spring Festival, a move which few others have even thought of.

The courage to explore new business ideas that others may find outrageous or can hardly imagine explains why online shopping has been booming in China.

China's total retail sales in 2016 increased 10.4 percent year-on-year to 33.23 trillion yuan ($4.83 trillion). And it was a key driving force behind the second-largest economy's 6.7 percent year-on-year growth last year. But even more spectacular is the growth of online sales in China, 26.2 percent year-on-year to 5.16 trillion yuan.

It is unrealistic to expect the amount of online sales to continue to rise at the current pace. But it is possible that Chinese e-commerce giants will further expand their market shares through more innovative business models, technological application and marketing campaigns to boost overall consumption growth in the country.

A video recently released by Amazon demonstrated the new concept of convenience stores featuring artificial intelligence-powered technology that eliminates checkouts, cash registers and, more importantly, queues.

For many traditional brick-and-mortar retailers in China struggling to cope with intensified offline and online competition and changing spending patterns, the new business model that Amazon intends to introduce may be bad news. But for China's thriving e-businesses giants, this is a good time for learning. In fact, e-businesses' recent talk of the need to develop both online and offline retail suggests they are beginning to embrace this new change to make consumption even more convenient.

With China's per capita GDP reaching $8,000, still below the world average of about $11,000, not to mention the US' $57,000, the country has ample room for consumption growth in the coming years, which will benefit the most innovative businesses the most.

The author is a senior writer with China Daily.

zhuqiwen@chinadaily.com.cn

Most Viewed in 24 Hours
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
主站蜘蛛池模板: 日韩三级视频在线播放 | 日韩视频在线观看免费视频 | 五月天婷婷综合网 | 综合色99 | 三上悠亚作品在线观看 | 麻豆av免费看 | 国产丝袜网站 | 欧美性色黄 | 久久国产露脸精品国产 | 嘿嘿射在线 | 黄页网站免费在线观看 | 久久视频在线看 | 亚洲欧美在线观看视频 | av男人天堂网 | 亚洲黄色一级大片 | 尹人综合 | 成人午夜视频在线观看 | 欧美日韩一级在线 | 亚洲黄色中文字幕 | a在线看 | 久久婷综合 | 久久综合九色 | 日韩综合在线 | 国产精品久久久久久久久久免费 | 青草99| 亚洲视频免费在线观看 | 亚洲成人影院在线观看 | 国产精品国产三级国产普通话对白 | 一级α片 | 久久免费在线视频 | 日日骚视频 | 91视频国产免费 | 99色网站| 91视频麻豆 | 热久久在线 | 性色av免费 | 午夜视频在线观看网站 | 91亚洲网| 黄色国产片 | 日韩网站在线观看 | 中文字幕一区二区av |