From January to May, China's e-commerce leveraged its strengths in strong innovation capabilities, new business models, large market scale, and extensive international cooperation to unleash domestic demand vitality, accelerate the integration of domestic and foreign trade, and contribute to the construction of inclusive and beneficial economic globalization.

Enhancing quality in consumer e-commerce to expand domestic demand.Cultivating high-quality e-commerce and assisting foreign trade in expanding domestic sales, actions are being deeply implemented, and \policies + holidays + activities\ unleash consumer potential. According to data from the National Bureau of Statistics, online retail sales grew by 8.5% from January to May. High-quality goods, online service consumption, and new models and new formats have become new drivers of growth. The integration of online and offline trends is deepening, with key monitored platforms' digital products, 15 categories of trade-in appliances and digital products, online service consumption, and instant retail sales increasing by 10.4%, 14%, 13.3%, and 12% respectively. Since April, the sales volume of the platform's foreign trade section has exceeded 2 billion.

Industrial e-commerce helps to facilitate connections and promote transformation.\E-commerce + industrial belts\ promote industrial transformation, and the deep and practical cooperation of industrial e-commerce with enterprises has enhanced the digital transformation level and the internal and foreign trade coordination capabilities of small and medium-sized enterprises. More than 20 regions have held over 200 events to improve the digital transformation level and internal and foreign trade coordination capabilities of small and medium-sized enterprises. Xinjiang, Chongqing, Guangxi, and others have deepened cooperation between platforms and industrial belts, reaching nearly 50 cooperation intentions in agricultural products, e-commerce logistics, etc., with a signed amount exceeding 400 million yuan. Technology helps to reduce costs and increase efficiency. The AI application of the main industrial e-commerce platforms has expanded from operational links such as quality control to service links such as supply and demand matching, and to the entire industrial development process such as business models, shortening the R&D cycle by 40% and reducing operational costs by 15%.

Silk Road e-commerce expands cooperation for global benefits.Partner countries have expanded, with an upgrade with Kazakhstan and the establishment of a new bilateral e-commerce cooperation mechanism with Bangladesh, increasing the number of partner countries to 35. The \E-commerce Benefits Global\ themed activities have been efficiently and effectively promoted, with 40 key activities throughout the year working in synergy and precisely empowering. In Henan, Shaanxi, and Hunan, 12 events such as the \Silk Road E-commerce\ International Cooperation Matchmaking Meeting, China-Central Asia \Silk Road E-commerce\ Deepening Cooperation Roundtable, and Africa Good Goods Online Shopping Season were held, with 52 governments, associations, and enterprises participating, reaching over 100 cooperation intentions, injecting new e-commerce dynamics into multilateral and bilateral economic and trade cooperation. The \Silk Road E-commerce\ cooperation pilot zone has made new progress in institutional opening, signing a strategic cooperation agreement on data cross-border transaction infrastructure and regulatory system with Kazakhstan, paving a new path for data cooperation between my country and neighboring countries.