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E-commerce to Boom in China
China will see a full blossom of E- commerce in the next three years, a government official said today.
Cheng Guanghui, spokesman of the Ministry of Information Industry (MII), told a press conference this morning that trade volume of E-commerce is expected to reach 800 million yuan this year.
He said that E-commerce is expected to expand rapidly in the next three years, with trade volume topping 10 billion yuan (1.2 billion US dollars) in 2002.
According to MII statistics, China now has more than 20 million computers and an electronic information network with wide band, which covers most of the cities around the country.
More than 34,000 Chinese companies have registered their domain names on the Internet, with more than 1,000 E-commerce websites. MII figures show that by the end of May, 2000, the number of Internet users in China has topped 10 million.
China now also has the world's second largest fixed telephone network and the third largest mobile telephone network. By the end of May, China has 124 million users of fixed telephones and more than 56 million cellular phone users.
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