China’s ‘Bo’ Economy Grows as Global Sales Hit $1.2 Trillion, Restructuring Supply Chains

China’s ‘Bo’ Economy Grows as Global Sales Hit $1.2 Trillion, Restructuring Supply Chains

The emerging "bo" sector, encompassing e-commerce, logistics, and digital infrastructure, now generates 17% of China’s GDP after a 45% YoY surge in cross-border transactions, according to a new data release. This shift compels multinationals to redesign supply chains or risk losing 40% market share in Asia.