Chinese e-commerce giants Alibaba Group Holding and JD.com are using dedicated channels for overseas brands to reach more domestic consumers, as closed borders during the coronavirus pandemic led to a surge in imports of consumer goods last year.
New figures released by China’s Ministry of Commerce (MOFCOM) on Tuesday showed strong consumer demand for imported consumer goods, especially cosmetics and luxury products such as handbags and watches. Consumer goods imports surged 8.2 per cent last year compared with 2019, reaching 1.57 trillion yuan (US$242.1 billion), according to MOFCOM. In contrast, sales of domestic consumer goods contracted 3.9 per cent, according to numbers from the National Bureau of Statistics released on Tuesday.