China's National Development and Reform Commission (NDRC), the Ministry of Finance (MOF) and 11 other departments recently released the Circular on Further Promoting the Sound and Rapid Development of E-Commerce. The measures outlined in the Circular are designed to ensure the continued development of the nation's e-commerce sector, one which reached 8.1 trillion RMB in 2012, up a significant 31.7 percent from 2011.
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The proposed actions comprise a mix of initiatives to improve infrastructure, enhance processes, develop standards and target e-commerce growth and its development in specific key industries.Â
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China's National Development and Reform Commission (NDRC), the Ministry of Finance (MOF) and 11 other departments recently released the Circular on Further Promoting the Sound and Rapid Development of E-Commerce. The measures outlined in the Circular are designed to ensure the continued development of the nation's e-commerce sector, one which reached 8.1 trillion RMB in 2012, up a significant 31.7 percent from 2011.
