Description: This year, China will take a step in its digital transformation that once may have seemed almost unthinkable. We forecast that 52.1% of the country’s retail sales will come from ecommerce in 2021, up from 44.8% a year prior. That means that for the first time anywhere, a majority of retail sales for an entire country will transact online.
Date: Feb 10, 2021
Questions for discussion:
- What does the report say about retail sales in China and the growth in ecommerce in particular?
- What are the possible reasons for this development?
- Do you think that this information suggests anything about developments in the U.S. or other markets around the world?