- CNTV English - CCTV News

Homepage > News > Biz >

Retailers seek to grow

01-05-2012 14:41 BJT

China's retail sales may grow 15 percent annually through 2015 and top 32 trillion yuan (US$5 trillion) in 2015, the Ministry of Commerce said yesterday.

The ministry said in its guideline for the country's 12th Five-Year Plan that it will accelerate the construction of infrastructure for commerce, and promote the use of e-commerce, franchising, online business and online shopping as well as modern logistics to boost the revenue of goods trading substantially.

It expects the revenue of e-commerce to expand at 30 percent annually, while the government will endeavor to improve logistics to facilitate e-business.

"The efficiency of commerce will be raised substantially, while the costs will be reduced," the ministry said.

The ministry will also encourage the development of third-party logistics companies and urge small- and medium-sized companies to merge their supply networks with large firms.

In the first 11 months of last year, China's retail sales expanded 17 percent on an annual basis to 16.3 trillion yuan.


Editor:Wang Xi |Source: People's Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program