December 27, 2016 / 9:19 AM / 7 months ago

BRIEF-China expects e-commerce transactions to top 38 trln yuan by 2020 - cabinet

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Dec 27 (Reuters) - China's State Council says:

* China expects e-commerce transaction volume to reach more than 38 trln yuan ($5.47 trln) by 2020 versus 21.79 trln yuan in 2015

* China expects information industry revenue to reach 26.2 trln yuan by 2020 versus 17.1 trln yuan in 2015 Source text in Chinese: (bit.ly/2hsVgVc) ($1 = 6.9498 Chinese yuan renminbi) (Reporting by Cate Cadell)

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