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HANGZHOU, March 1 (Xinhua) — China’s e-commerce continues its rapidly expansion as online sales turnover in 2011 surpassed 780 billion yuan (124 billion U.S. dollars), a year-on-year increase of 66 percent, according to a report released Thursday. The report shows that e-business has supported the country’s social development through reducing production costs, increasing employment opportunities and accelerating industrial transformation. The …
Read More »China 2011 online payments surpass 780 bln yuan
