China’s plan for e-commerce in 5 years’ time

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…