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Agricultural Development Bank of China
News for Outlets

China unveils commerce development plan for 2021-2025

July 09, 2021


Abstract : China's Ministry of Commerce (MOC) has recently unveiled the plan for commerce development in the 14th Five Year Plan period from 2021 to 2025, according to the ministry on Friday.

Horgos Comprehensive Bonded Area.png

A truck loaded with cross-border e-commerce packages arrives in Horgos Comprehensive Bonded Area, northwest China's Xinjiang Uygur Autonomous Region, June 3, 2021. (Xinhua/Gu Yu)

BEIJING, July 9 (Xinhua) -- China's Ministry of Commerce (MOC) has recently unveiled a plan for commerce development in the 14th Five Year Plan period from 2021 to 2025, according to the ministry on Friday. 

According to the plan, China will make efforts to bring its opening-up to the outside world to a new level in the commerce field during the period. 

Meanwhile, the country will also strive to accelerate digital development and promote green development during the period, to further contribute to the new development paradigm of "dual circulation" which allows domestic and overseas markets to reinforce each other, with the domestic market as the mainstay. 

During the period, efforts will also be made to promote high-quality development of the free trade zones and ports, deepen economic and trade cooperation under the Belt and Road Initiative (BRI), and improve the risk control system in the commerce field, according to the plan. (Edited by Hu Pingchao, Wang Siyi, hupingchao@xinhua.org)

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Keyword: BRI Belt and Road commerce development

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