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Countdown to G20 Hangzhou Summit: How can surrounding villages boost economic growth?

Already known for its beautiful scenery and hospitality, Hangzhou, the host city of this year’s G20 Summit, is also a hub for China’s booming e-commerce sector – and villages surrounding Hangzhou are benefiting from this growing industry. China’s e-commerce giant Taobao has listed 183 villages in Tonglu county near Hangzhou as Taobao villages, establishing a logistics network that can reach rural areas. To qualify as a Taobao village, there must be more than 100 active online stores, or represent at least 10% of all households for smaller villages. The annual e-commerce transactions must be 10 million yuan (1.5 million US dollars) or higher for each Taobao village.

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