With the advent of e-commerce in many countries including India, China is ready to take this plunge by promoting e-commerce development through various Chinese internet companies.
This issue came to light during the address of China’s annual parliamentary meeting in Beijing by Premier Li Keqiang. During this session he unveiled ‘Internet Plus’ scheme. As per this program, it will help in expansion of e-commerce by promoting its various key components like cloud computing, online banking, mobile internet etc.
Li Keqiang further stated that apart from government allotment of 40 billion yuan, more investment is required for further development and innovation in China’s emerging business. This step will give a push to largest e-commerce giants like Ali Baba who is already contributing a lot in bringing dynamic change in the world of cloud computing. Apart from this, major social networking site Tencent and online search engine Baidu will equally ride high on profits.
Li envisaged the dream for the second largest economy to grow by 7% this year in order to compete with other emerging countries.
But here comes the significant question what is the prominent factor which forced China to take up this issue all of a sudden? Then I believe we all know this answer i.e. India. India emerged a lot due to various startups and e-commerce sites. The Majors sites include Flipkart, Amazon, and Myntra etc. So following this line of popularity, China which always tends to emerge as world largest economy took the step in this pursuit. This is probably a way to add another feather in its hats. And in all probability this is going to transform the world of e-commerce which only time can tell us. So let’s hope for the best.
If you like this article you may be interested in “Inside the Strange World of China’s Teenage Plastic Surgery Craze”.
