China's e-commerce transaction value to exceed 38 tln yuan by 2020

Updated 2016-12-28 10:04:35 Xinhua

China said on Tuesday it aims to expand e-commerce transactions to more than 38 trillion yuan (5.5 trillion U.S. dollars) by 2020, up from 21.8 trillion in 2015.

By 2020, China's online population will pass 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.

Online retail sales will more than doubled from 3.9 trillion yuan recorded in 2015 to 10 trillion yuan by 2020.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 23 2018 21:13:39

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 23 2018 21:13:39

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 23 2018 21:13:39

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords