More China Consumers Expected To Buy Foreign Goods By 2020, Study Reveals

By 2020, 25 percent of China’s population, or 325 million people, are expected to purchase products from abroad via online retailers, according to eMarketer. Data from the market research firm revealed more than 15 percent of the Chinese population bought $85.8 billion of foreign goods in 2016. With local consumers spending about $473 each on cross-border purchases in 2016, foreign products accounted for 4.2 percent of the total online retail market in the country.