China's online retail sales expand in first 2 months
China's online retail sales logged steady growth in the first two months of 2024, data from the Ministry of Commerce showed. In the period, online retail sales totaled 2.15 trillion yuan (about US$303 billion), up 15.3 percent year on year, according to the data. Online retail sales of physical goods nationwide rose 14.4 percent year on year to 1.82 trillion yuan, contributing 22.4 percent to China's total retail sales of consumer goods. Snow-related consumption gained steam during the Spring Festival holiday this year, with sales of ski equipment on key e-commerce platforms soaring by more than 50 percent year on year, according to the ministry. (Xinhua)