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As per the report, there were more than 900 million online shoppers in 2019. Total transaction volume of e-commerce reached 34.81 trillion yuan (.98 trillion), among these, retail sales stood at 10.63 trillion yuan, up 16.5 percent year-on-year. Online retail sales of physical commodities registered 8.52 trillion yuan in 2019, rising to 20.7 percent of the total retail sales of consumer goods.

As the news portal reported, Shanghai, the No 1 city in terms of total retail sales of consumer goods from 2016 to 2019, still ranked first in first five months this year, with total consumption volume registering 549.92 billion yuan (.53 billion), becoming the only city nationwide with social spending exceeding 500 billion yuan. In May, Shanghai's total retail sales of consumer goods hit 129.07 billion yuan, increasing 0.6 percent from the previous year, and the monthly growth rate turned positive.

As the partial US government shutdown enters its 33rd day on Wednesday, Native American tribes say they are feeling the impact as critical funds are cut, straining their resources for health care and food.

As the BRI moves into its next phase, China will seek partners in the developed economies of Europe and elsewhere to shore up critical gaps in expertise and capital. This new phase will be defined by multilateral initiatives rather than solely China-led projects, with an emphasis on developing people-to-people bonds, Chao noted.

As the industry is developing rapidly, Zhang said platform operators should draw attention to the problem to prevent unnecessary disputes.