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On 26 October, China’s 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) 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…