China's massive consumption market is opening doors for international cooperation, according to a spokesperson from the Chinese Foreign Ministry.
Guo Jiakun highlighted that during the Spring Festival of the Year of the Snake, China's consumer market saw record-breaking sales in \"guochao,\" trendy merchandise inspired by traditional Chinese culture. This surge was fueled by the intangible cultural heritage experience, the ice and snow economy, and innovative consumer goods trade-in programs.
The spokesperson emphasized the role of digital transformation and technological advancements in driving new consumption models. \"We saw strong supply and demand of imported products on the Spring Festival shopping lists. More Chinese people went abroad, and more foreign travelers visited China,\" Guo stated.
This prosperity in China's consumer market not only signals a rebound in demand but also reflects growing confidence in the country's economic trajectory. Guo further mentioned that a series of new policies are being implemented to bolster high-quality development and high-standard opening up, aiming to enhance global economic growth by injecting stronger confidence and momentum.
Reference(s):
China says its consumption boom offers opportunities for all countries
cgtn.com
