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China Targets $5.7 Trillion in E-Commerce by 2020

The Chinese government is targeting 38 trillion yuan ($5.7 trillion) in e-commerce per year by 2020, and a near doubling that again to 67 trillion yuan by 2025.

JD.com packages. — JD.com packages. (Shutterstock)

By

Reuters

27 July 2016

BEIJING, China — The Chinese government is targeting 38 trillion yuan ($5.7 trillion) in e-commerce per year by 2020, and a near doubling that again to 67 trillion yuan by 2025, according to a document issued on Wednesday.

E-commerce sales grew 21.2 percent in China last year to 16.2 trillion yuan, the state news agency Xinhua has previously reported, citing the consultancy iResearch.

By Jake Spring and John Ruwitch; editor: Kim Coghill.

In This Article

Topics

China

Location

Beijing, China

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