Anhui’s retail sales of consumer goods climbed from 890.8 billion yuan ($135.1 billion) in 2015 to 1.8 trillion yuan in 2019, representing an average annual increase of 19 percent, Zhang Jian, head of the Department of Commerce of Anhui Province said at a press briefing on Tuesday.
The conference focused on the provinces’ achievements in commerce during the 13th Five-Year Plan period (2016-20).
Anhui ranked 9th in the country in terms of retail sales of consumer goods in 2019.
The province’s imports and exports increased from $48.8 billion in 2015 to $68.7 billion in 2019. It took the 13th place in the country, up from the 15th in 2015.
The province posted an average annual growth of 7 percent in the actual use of foreign capital and an 8.8 percent increase in the outbound investment from 2015 to 2019.
Anhui has met all of its targets in commerce in the 13th Five-Year Plan period (2016-20), according to the official.
The China (Anhui) Pilot Free Trade Zone was inaugurated earlier this year, marking a milestone in the history of the province, Zhang said.
E-commerce has developed rapidly. The province saw a 250 percent rise in online retail sales from 2015 to 2019, with its national rankings up from the 12th to the 8th. Three industrial parks were designated as national e-commerce demonstration bases. Rural e-commerce maintained an average annual increase of more than 30 percent in the 13th Five-Year Plan period (2016-20).