China's e-commerce transactions hit 1.5 trillion yuan in Q1

Recent data from iResearch Consulting Group shows that the overall value of China's e-commerce market stood at 1.5 trillion yuan during the first quarter of 2011, an increase of nearly 8 percent compared with the fourth quarter of 2010, showing a slowing trend in the growth rate.
The main reason for the slowdown is that the first quarter of the year is traditionally the offseason for internal and external trade, which directly resulted in the slowdown of the B2B transaction volume growth rate. Furthermore, the first quarter of the year is also the offseason for online shopping.
By People's Daily Online
Weekly review April 20 Beijing-Shanghai high-speed rail to remove luxury seats April 18 China undergoing shift into nation of consumers April 18 Zhejiang checks food, raids illegal bun makers April 19 SASS: Chinese students mentally healthier than Asian peers April 23 The week in pictures April 19 Build legal bulwark against moral decline April 21 'China model' 30 years on: from home to abroad April 21 Piano student's bloody crime heart-wrenching in China April 18 China places firmer lid on home prices April 19 China puts brake on economic bullet train