{"id":8801,"date":"2021-10-30T07:00:30","date_gmt":"2021-10-30T07:00:30","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=8801"},"modified":"2025-04-23T09:49:21","modified_gmt":"2025-04-23T09:49:21","slug":"where-will-e-commerce-in-china-be-in-5-years","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/where-will-e-commerce-in-china-be-in-5-years\/","title":{"rendered":"China’s plan for e-commerce in 5 years’ time"},"content":{"rendered":"

On 26 October, China\u2019s Ministry of Commerce (MOFCOM), the Cyberspace Administration of China (CAC) and the National Development and Reform Commission (NDRC) jointly released a plan for e-commerce development during the 14th Five-Year Plan (2021-2025)<\/h2>\n

The scale and penetration rate of e-commerce in China is already astonishing, and this plan aims to push it to new heights. According to the plan, the volume of e-commerce transactions in China reached RMB 37.2 trillion (\u00a34.2 billion) in 2020 and is expected to reach RMB 46 trillion (\u00a35.2 billion) by 2025. E-commerce related employment is expected to reach 70 million by 2025, as e-commerce is further integrated with primary, secondary and tertiary industries across the country.<\/p>\n

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The key aspects of the plan focus on enlarging and regulating cross-border e-commerce<\/a>, encouraging sustainability and eco-friendly growth, new consumption scenarios (such as so-called \u2018phygital<\/a>\u2019 retail) and enabling the expansion of e-commerce in more remote areas to support rural revitalisation<\/a>. Some specific policy plans are described below:<\/p>\n