China Aims For 38 Trillion Yuan Ecommerce Market

China will increase manufacturing to achieve its target

The Chinese government has announced that it is targeting annual ecommerce sales in the country of 38 trillion yuan, or 5.7 trillion US dollars, by 2020. The announcement also said that it intends to double that figure in the following five years, to 67 trillion yuan. With ecommerce sales growing substantially in the country currently, the target is expected to be achievable. According to state news, ecommerce sales in China have grown by 21.2% to 16.2 trillion yuan in the last year. In order to achieve its target, The Ministry of Industry and Information Technology said that it will be investing in the 10-year 'Made In China' initiative, which aims to improve China's manufacturing industry. 

Individual Basic

  • 1 Knowledgebase
Subscribe free

Individual Premium

£15 Per month
Cancel anytime
  • Unlimited
    Plus 50.00% off International Search Summit ticket

Team global

£95 Per month
Up to 7 users, - additional users £10 per month - cancel anytime
  • Unlimited
    Plus 2 tickets for International Search Summit