In the first quarter of this year, China's e-commerce platforms ramped up efforts to boost domestic demand and support foreign trade enterprises in expanding into the domestic market, said the Ministry of Commerce on Monday.
During the period, initiatives like the e-commerce cultivation program and the matchmaking between suppliers and buyers through e-commerce platforms are helping to drive domestic market demand.
From January to March, online sales of digital products in China grew by 7.4 percent year on year, driven by the trade-in consumer goods program. Boosted by the release of quality films and improved restaurant experience, online entertainment sales increased by 40 percent, while on-site dining saw a 29.2 percent rise, according to the ministry.
Additionally, in the first quarter, the government and enterprises have worked together to accelerate the integration of domestic and foreign trade to cope with external risks. More than 10 e-commerce platforms have taken swift measures to deliver quality foreign trade products to domestic households through e-commerce channels.
Various of business events focusing on connecting suppliers with potential buyers were organized to help high-quality foreign trade products to reach domestic consumers.
E-commerce platforms promote growth in China's domestic demand in Q1
South Korean President Lee Jae Myung said on Wednesday that Seoul firmly adheres to the one-China principle, in comments made ahead of his upcoming state visit to China.
The remarks were made in an interview with China Media Group (CMG). The visit is scheduled for Jan 4–7.
"The consensus reached between governments of the Republic of Korea and China when diplomatic relations were established continues to be the fundamental principle governing our relations, and its effectiveness remains steadfast. I want to clearly state that the ROK has always adhered to the one-China principle. Maintaining peace and stability in regional matters, including in Northeast Asia and concerning the Taiwan issue, holds significant importance to us," said Lee.
"The foundational relationship between the ROK and China was established on a very principled and fundamental basis from the beginning. It is clear that the ROK government has always adhered to this position and has never wavered from it. I believe that the sound development of ROK-China relations depends on both sides fully respecting each other's core interests and being mutually tolerant of each other's positions. In this context, we will, as always, uphold the one-China principle as the Taiwan issue is China's most fundamental concern," he said.
ROK president reiterates firm adherence to one-China principle
