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China's online retail1 volume is expected to outperform the rest of the world by reaching four trillion yuan (618 billion U.S.dollars) this year, Commerce Minister Gao Hucheng said Sunday.
中国商务部长高虎城周日表示,2015年中国网络零售额有望超过世界其它地区达到4万亿元人民币(6180亿美元)。
China has attained2 key targets outlined by the 12th Five-Year Plan by the end of 2015 to become a genuine giant trader, Gao said at a national meeting on commerce work.
China is now home to over 80,000 trade markets and total retail sales of consumer goods would reach 30 trillion yuan this year with consumption contributing to about 60 percent of total GDP growth, Gao said.
In the past five years, China's exports of goods grew at an annual average of 6.5 percent, with its share in the global market rising form 10.4 percent in 2010 to about 13.2 percent in 2015, faring much better than major global economies. Service trade grew over 13.6 percent each year, marking the world's second largest service trader.
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