China's new plan to set 30t yuan retail sales target
Updated: 2011-06-16 16:16
By Hao Yan (chinadaily.com.cn)
China will release its first domestic trade and logistic plan for the 12th Five-Year Plan (2011-2015) and set a target for total retail sales to reach 30 trillion yuan ($4.63 trillion) by 2015, Economic Information Daily reported Thursday.
The plan will position logistics as the leading and fundamental sector in the national economy and will set a series of targets. Targets will include the sales of producer goods reaching 70 trillion yuan by 2015, the e-commerce transaction reaching 12 trillion yuan and online retail sales reaching 2 trillion yuan.
The logistics sector has a strong influence on stabilizing retail consumer prices. A highly-efficient logistic system will ease problems regarding inflations, said Song Ze, professor at the institute of finance and trade economics of the Chinese Academy of Social Sciences.
The trade and logistic policies issued recently showed the country's commitment and determination in reforming the industry to boost domestic consumptions.
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