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Hong Kong media said that although the economic growth slowed down, mainland consumers will be used for overseas products in the next five years.

Expenditure is expected to continue to rise.

According to Hongkong's report, the market research firm in February 29th predicted that by 2020, the cross-border online shopping market in mainland China will grow by 18% annually.

According to reports, it was the first report on the topic by Myrtle.

According to the retail report, the number of overseas online shopping market in mainland China increased by more than 60% in 2015.

Report author

"The reason why we drafted this report is that the size of Hai Tao is so large that it is now regulated by the market and is encouraged by the central government."

"This is obviously an important situation in China's international trade and domestic consumption market, and it is also a way to enter foreign companies wishing to sell products to Chinese consumers."

Nearly 60% of the 3000 consumers surveyed by the company said they had purchased overseas products through the domestic shopping website from June to November last year.

Reported that they like to buy Beauty and personal care products from Korea, Japan and France. Hong Kong, Macao and Taiwan and New Zealand are the preferred shopping areas for food and drink.

Japan and the United States are the first choice to buy personal electronic products.

According to the report of myrtle market research company, more than half of consumers think that buyers' comments and recommendations are important reference factors while online shopping, and 40% of consumers say that sharing overseas online shopping experience has a sense of accomplishment.

Reported that commerce minister Gao Hucheng recently said that supporting cross-border e-commerce will be an important task of the Ministry of Commerce this year.

The Ministry of Commerce estimated that the total volume of cross-border Internet pactions this year will reach 6 trillion and 500 billion yuan.

Mo Daiqing, senior analyst at Hangzhou China Electronic Commerce Research Center, said that although China's economy may slow down, the online shopping market for foreign products is bound to increase.

"As China's demand for quality products is still strong, domestic manufacturers still need time to catch up with foreign partners," she said.

Overseas online shopping market is promising, especially infant formula, baby care products and luxury goods.