BEIJING – China’s commerce ministry said on Friday that retail sales will expand by an average of 5% per year in the 14th five-year plan period, from 2021 to 2025, and goods trade will grow by 2% per year. In an online notice, the ministry also stated that it will look into establishing a pilot zone “to respond to trade frictions” and improving the “unreliable entity list” mechanism.
(Gabriel Crossley contributed reporting, and Muralikumar Anantharaman edited the piece.)
Reuters is the source of this information./n
