China’s e-com­merce to top 38 tril­lion yuan

China Daily (Hong Kong) - - BUSINESS -

China said on Tues­day it aims to ex­pand e-com­merce trans­ac­tions to more than 38 tril­lion yuan ($5.5 tril­lion) by 2020, up from 21.8 tril­lion yuan in 2015. By 2020, China’s on­line pop­u­la­tion will sur­pass 1 bil­lion, grow­ing by 7.8 per­cent a year from 2015, ac­cord­ing to a State Coun­cil five-year in­forma­ti­za­tion plan. In­for­ma­tion in­dus­try rev­enue is ex­pected to grow by an av­er­age of 8.9 per­cent each year from 2015 to hit 26.2 tril­lion yuan by 2020. By then 90 per­cent of vil­lages in poverty will be cov­ered by in­ter­net ser­vices, 12 per­cent­age points more than that in 2015.

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