MIIT Issues Action Plan for Industrial E-commerce

The Ministry of Industry and Information Technology (MIIT) released the Industrial E-commerce Development Three Year Action Plan for the manufacturing industry on Sept 25. The plan covers online exchange and trading of information, products, services, resources, and capabilities throughout the industry cycle, and aims to promote orderly and “secure and trusted” industrial e-commerce development through policy guidance, perfecting governance, pilot projects, and international cooperation. 
 
By 2020, the plan projects industrial enterprises' online procurement will reach 9 trillion RMB with online sales reaching 11 trillion RMB. The e-commerce penetration rate of leading enterprises in key industries will reach 60%.