ChinaUS EUROPEASIA 中文双语Français
Business\Policies

China continues to boost e-commerce growth

Xinhua | Updated: 2016-12-30 17:14

BEIJING - China aims to further expand its e-commerce market and integrate it with more sectors to boost economic growth and employment.

The world's largest and fastest-growing e-commerce market is expected to expand transactions to more than 40 trillion yuan ($5.76 trillion) by 2020, up from 21.8 trillion in 2015, according to the 2016-2020 e-commerce development plan released by the Ministry of Commerce and other government departments.

Online retail sales could reach 10 trillion yuan in 2020 as the country's online population will pass 1 billion, growing by 7.8 percent a year from 2015.

The booming e-commerce market will employ over 50 million people by the end of 2020, according to the plan.

E-commerce will help drive innovation in education, medical care, tourism and other sectors, and become a key engine powering economic transition, the plan added.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US