According to the survey by the e-commerce trading platform of the national bureau of statistics, the transaction volume of e-commerce in China reached 29.16 trillion yuan in 2017, an increase of 11.7% year-on-year. Among them, the transaction volume of goods and services e-commerce was 21.83 trillion yuan, up 24.0% year on year. Contract e-commerce transactions totaled 7.33 trillion yuan, down 28.7 percent year on year.
From the trading situation of commodity and service e-commerce, the transaction volume continues to grow and the growth rate is further increased. In 2017, the transaction volume of goods and services e-commerce was 21.83 trillion yuan, an increase of 24.0% over the previous year and an increase of 10.2% over 2016.
Commodity trading dominated, service trading growth. In 2017, the transaction volume of commodity e-commerce was 16.87 trillion yuan, accounting for 77.3%, up 21.0% year on year, an increase of 8.7 percentage points over the previous year. The transaction volume of service e-commerce was 4.96 trillion yuan, accounting for 22.7%, up 35.1% year on year, up 13.2% from the previous year, continuing the trend of rapid growth last year.
Both personal and unit transactions have maintained an accelerated growth trend. The transaction volume of goods and services e-commerce to individuals in 2017 was 8.68 trillion yuan, up 33.1 percent year on year, 4.5 percentage points higher than the previous year. The value of transactions per unit was 13.15 trillion yuan, up 18.6 percent year on year and up 12.2 percentage points from the previous year.
The rapid increase of personal trading volume indicates that shopping has been popularized in China. The rapid growth of unit trading volume means that the level of enterprises operating on the Internet is also increasing.
After the combination of e-commerce and service products, the bottleneck of information transmission has been opened up and the efficiency of resource allocation has been improved. Not only like 2017 drops, ctrip, Meituan, youku and other large service platform trading volume remained stable growth, some emerging platforms such as micro son, Himalayan FM, pig eight quit to network and the development of such as cloud of tencent is very quickly, some year-on-year platform to achieve exponentially.
The growth rate of trade volume in east, central and western China is basically balanced, and the growth rate of trade volume in northeast China is relatively high. According to the regional situation, the e-commerce transaction volume of goods and services in the eastern region in 2017 was 15.02 trillion yuan, accounting for 68.8% of the total, up 24.3% year on year. The turnover in the central region was 2.76 trillion yuan, accounting for 12.6 percent, up 20.3 percent year on year. The transaction volume in the western region was 3.31 trillion yuan, accounting for 15.2%, up 24.2% year on year. The turnover in northeast China was 0.74 trillion yuan, accounting for 3.4%, up 30.6% year on year.
From the perspective of contract e-commerce transactions, the transaction volume of contract e-commerce included in the statistics in 2017 was 7.33 trillion yuan, down 28.7% year on year and down 59.8% year on year.
Contract e-commerce has the characteristics of multiple transfer contracts and leverage transactions. Under the state council based on this, several post (e.g., the state council on rectification of various types of trading venues to guard against financial risk decision, the country is sent [2011] no. 38, general office of the state council on the implementation of the rectification of various types of trading places on the hair [2012] no. 37), emphasis on risk control. In order to implement the spirit of the above-mentioned documents, the national inter-ministerial joint conference on clearing and rectification of various trading venues will be deployed in 2017 to carry out the work of "cleaning up and looking back". Relevant departments have made strict requirements on the establishment conditions, trading modes, trading products and risk prevention of exchanges. Some types of non-compliant transactions have been pulled off the line, excessive leverage has been reduced, and some non-compliant exchanges have been suspended or disqualified. The crackdown has led to a sharp drop in contract e-commerce transactions.
According to the introduction, goods and services e-commerce refers to online trading activities targeting goods and services. Contract e-commerce refers to the online trading of commodities, equities (excluding stocks and futures) or cultural works of art that are subject to electronic contracts. Electronic contracts that are the subject of a transaction can be transferred multiple times.