Jan. 6, 2012 (China Knowledge) - China, which has the world's largest population, expected its retail sales to increase to RMB 32 trillion in 2015, said the Ministry of Commerce (MOC)
in a statement published on its website.
The ministry said that the country's retail sales may grow 15% annually during the period from 2011 to 2015. The government will encourage the development of E-commerce, which is aimed to realize a 30% annual growth during the period.
The sales of means of production are expected to increase 16% each year in the five-year period and to reach RMB 76 trillion in 2015, said the MOC
The country's foreign trade of goods is estimated to rise 10% annually and to hit US$4.8 trillion in 2015, and its service trade to grow 11% annually and to reach US$600 billion in 2015.
The ministry added that China's annual utilized foreign direct investment (FDI) will be about US$120 billion during the period and its overseas direct investment (ODI) will grow 17% per year, totaling to US$560 billion in the five years.