
China Launches 3-Year Plan to Boost Consumer Market
China unveils a three-year action plan to optimize the consumer environment, aiming to boost domestic consumption and enhance retail growth.
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China unveils a three-year action plan to optimize the consumer environment, aiming to boost domestic consumption and enhance retail growth.
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.
The Chinese mainland is launching nationwide consumption promotion events in November to boost domestic demand and support economic growth, focusing on major cities and introducing incentives.
China’s tourism spending rebounds with trips and spending soaring post-pandemic, offering new opportunities for global retailers and brands.
Chinese Premier Li Qiang emphasizes the crucial role of high-tech innovation in sustaining robust economic growth, highlighting retail sales growth and proactive fiscal policies.