The online retail sales in China increased by 8.5% in May, indicating the release of consumption potential in the country's e-commerce sector.
According to the Ministry of Commerce, from January to May, China's e-commerce has improved quality and expanded domestic demand, effectively releasing consumption potential and achieving steady growth. Among them, consumer e-commerce has improved quality and expanded domestic demand. The actions of nurturing quality e-commerce and assisting in expanding domestic sales in foreign trade have been deeply promoted, releasing consumption potential through a combination of "policies + holidays + activities". Online retail sales grew by 8.5% from January to May. The application of AI on major industrial e-commerce platforms has expanded from quality control and operational processes to supply-demand matching and services, extending to the entire process of industrial development, shortening research and development cycles by 40% and reducing operating costs by 15%.
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