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Chinese online retail booms, hits 15.42 trillion RMB

China's Ministry of Commerce reports a robust 11 percent growth in online retail sales in 2023, reaching 15.42 trillion yuan ($2.41 trillion), maintaining its position as the world's largest online retail market for the 11th consecutive year. This growth is driven by a surge in the sale of green, healthy, and smart domestic products, with home consumption policies spurring significant increases in categories like elderly-friendly furniture and home theaters.

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