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Ecommerce

Chinese ecommerce sales expected to reach CNY 40 trln by 2020

Thursday 22 December 2016 | 11:37 AM CET

The Chinese The Ministry of Commerce has recently said that the ecommerce industry is projected to grow annual sales up to CNY 40 trillion (c. USD 5.8 trillion) by 2020.

The Ministry of Commerce says it will release a guideline soon to support development of the sector and mix it with other traditional industries, cctv.com reports. The ministry also says the expanding industry will provide up to 50 million jobs by then.

Commerce Ministry officials say that still much will need to be done to achieve that goal, the source cites.

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