China commerce ministry expects retail sales to reach around 50 trln yuan by 2025

China expects its retail sales to reach around 50 trillion yuan by 2025, the Ministry of Commerce said on Friday.

China will further strengthen the effect of consumption on economic development in the next five years, the commerce miniStry said in notice outlining ITS domestic trade plan for 2021-2025.

Authors: Albee Zhang, Ryan Woo, Reuters

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