China targets $5.7 trillion in e-commerce by 2020: government

Reuters News
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Posted: Jul 27, 2016 3:29 AM

BEIJING (Reuters) - 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.

(Reporting by Jake Spring; Writing by John Ruwitch; Editing by Kim Coghill)