China’s Tech-Enhanced Experiences Transform Tourism and Retail
China is reshaping consumption with tech-driven experiences, from aerial tours of historic sites to immersive retail environments.
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China is reshaping consumption with tech-driven experiences, from aerial tours of historic sites to immersive retail environments.
Online retail sales in the Chinese mainland surged 8.8% to $1.71 trillion from January to October, driven by shopping festivals and trade-in policies.
China’s home appliance trade-in program has boosted sales to $4.78B, with over 5 million consumers benefiting. Green and smart devices lead the surge.
China’s Mid-Autumn Festival showcases economic resilience with a surge in travel and increased consumer confidence.
Discover how mooncakes, a traditional Mid-Autumn Festival pastry, have transformed into a cultural symbol and consumer favorite, with sales reaching 22 billion yuan in China.
China’s latest trade-in policies since March have fueled a surge in green consumption, boosting sales in new energy vehicles, home appliances, and sustainable products, expanding the consumer market by 1 trillion RMB.
McKinsey’s latest report reveals the Chinese mainland’s shift towards service and experience consumption, highlighting growth industries and strategic business adjustments.
The Chinese mainland’s improving economy and evolving consumer trends are creating new opportunities, says Joyce Zhu, president of Ingka Centres China.
The Chinese mainland is witnessing a summer consumption boom with 37,000 cultural tourism events and attractive deals across transport, travel, and film sectors.
French vlogger Fathi visits the 4th China International Consumer Products Expo in Hainan, highlighting China’s vast market and burgeoning opportunities.