david waker 
China expects retail sales to reach around 50 trillion yuan by 2025
China expects to see its retail deals to reach around 50 trillion yuan ($7.88 trillion) by 2025, the country’s commerce ministry said on Friday.
Of this, online retail deals will reach about 17 trillion yuan, the Ministry of Commerce (MOFCOM) said in a notice outlining its domestic trade in the period of the 14th Five- Time Plan (2021-2025).
China’s Five- Time Plan system is formulated to collude out profitable and social developments over the coming five times. The first Five- Time Plan started in 1953 while the most recent bone ended in 2020.
China’s consumption request is the world’s second largest following the United States, said MOFCOM, adding that the digital frugality will bring developing openings to domestic trade.
