In 2019, Chinese online retail sales were $1.5trillion, representing a quarter of China's total retailsales volume, and more than the retail sales of theten next largest markets in the world combined.Explain why online retail shopping thrived in Chinaover the last two decades

Retail shopping refers to the selling of merchandise goods by the sellers directly to the consumers.…

Answered: In 2019, Chinese online retail sales…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In 2019, Chinese online retail sales were $1.5 trillion, representing a quarter of China's total retail sales volume, and more than the retail sales of the ten next largest markets in the world combined. Explain why online retail shopping thrived in China over the last two decades