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Ministry of Commerce aims for e-commerce transaction volume to reach 22 trillion yuan by the end of next year

Industry News By Sophie Bennett 0 views
Core tip: The "Internet Plus Circulation" action plan released by the Ministry of Commerce on the 15th proposes striving to have China's e-commerce transaction volume reach 22 trillion yuan and online retail sales reach 5.5 trillion yuan by the end of 2016. The "Internet Plus Circulation" action plan released by the Ministry of Commerce on the 15th

Core tip: The "Internet Plus Circulation" action plan released by the Ministry of Commerce on the 15th proposes striving to have China's e-commerce transaction volume reach 22 trillion yuan and online retail sales reach 5.5 trillion yuan by the end of 2016.

The "Internet Plus Circulation" action plan released by the Ministry of Commerce on the 15th proposes striving, within 1 to 2 years, to create and cultivate 200 comprehensive demonstration counties for e-commerce entering rural areas nationwide, with the average annual growth of e-commerce transaction volume in the demonstration counties no less than 30% on the existing basis; create 60 national-level e-commerce demonstration bases, cultivate 150 national-level e-commerce demonstration enterprises, build 50 typical enterprises transforming traditional circulation and service enterprises, and cultivate 100 online service brands; use market-based mechanisms to promote the construction of 100 overseas e-commerce warehouses; guide local authorities to build 50 e-commerce training bases and complete e-commerce knowledge and skills training for 500,000 person-times; strive to have China's e-commerce transaction volume reach 22 trillion yuan and online retail sales reach 5.5 trillion yuan by the end of 2016.

The action plan proposes studying and formulating policy documents for developing smart circulation and deepening the application of "Internet Plus Circulation." It calls for strengthening follow-up research on hot issues in e-commerce, launching research on guiding opinions for e-commerce development during the 13th Five-Year Plan period, and doing a good job in top-level design for e-commerce. It also calls for continuing to promote the legislative work of the E-commerce Law. It calls for implementing the Provisions on Procedures for Formulating Transaction Rules of Third-Party Online Retail Platforms and researching and issuing the Measures for the Protection of Online Commercial Data. It calls for researching and issuing e-commerce standards and specifications such as the Cross-Border E-Commerce Service Specifications, Mobile E-Commerce Service Specifications, Third-Party Service Standards Based on Online Retail Development Platforms, and E-Commerce Credit Information Sharing Specifications.

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