China's e-shopping market to be world's biggest

Beijing: Online shopping transactions in China will surpass those in Japan in 2012 and the US by 2013 to become the world's top most, a report has forecast.

The China Business Development Report Forecast (2011-2012) was released this week by the National Academy of Economic Strategy under the Chinese Academy of Social Sciences, the China Daily reported.

The report, however, said that the thriving online market was not enough to cover up the problems in the general circulation industry.

Jing Linbo, vice-president of the organisation, said the reasons behind this were enterprises scattered with low concentration, less competitive market, lack of theoretical research, and the need for improvement of personnel training.