China’s e-commerce, in a crucial stage of development, is to grow at over 50 percent every year, said Song Ling, chairman of China Electronic Commerce Association.

　　"E-commerce has become an important part of people’s life and also a strong driver of China’s market economy," said Song at the eighth China International E-commerce Conference held in Beijing Sunday.

　　In recent years, e-commerce has been expanding fast with annual sales rising at 40 percent on average. According to Song, Beijing’s transaction volume of e-commerce reached 66.6 billion yuan (US$8.02 billion) last year, Shanghai over 70 billion yuan, and South China’s Guangzhou 23 billion yuan.

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