E-commerce broke 3 trillion yuan in turnover last year

Vice Director of the Department of Information Technology of the Ministry of Commerce Nie Linhai recently revealed in Fuzhou that the financial crisis is providing a rare opportunity for development in China's e-commerce industry, and China's total turnover from e-commerce exceeded 3 trillion yuan last year, an increase of over 40 percent year-on-year.

While attending the second E-commerce and Logistics Distribution Forum and the first Seminar on Joint Development of Cross-Strait E-commerce and Logistics in Fuzhou, Nie said that China's total turnover in e-commerce trade reached 3.1 trillion yuan in 2008, a 43 percent increase from 2007.

In the current financial environment, small and medium-sized businesses engaging in e-commerce have a better chance of survival than those using traditional modes of business.

According to relevant statistics, 84.2 percent of enterprises that do not engage in e-commerce experience financial difficulty in the financial crisis, while only 16.8 percent of enterprises that do engage in e-commerce experience financial difficulty, a difference of nearly five times.