China will expand domestic demand and promote consumption

Ministry of Commerce will work hard to expand domestic demand and promote consumption, said Minister of Commerce, Zhong Shan, at a press conference held by the State Council Office on the 18th.

Ministry of Commerce will work hard to expand domestic demand and promote consumption, said Minister of Commerce, Zhong Shan, at a press conference held by the State Council Office on the 18th May.

China is the second largest consumer market in the world, and consumption has been the number one driving force for economic growth for six consecutive years.

Specifically, the first step is to build a “15-minute living circle”, promote the development of convenience store chains, and promote the standardization of vegetable markets.

The second is to promote the improvement of shopping areas and start the second batch of pilot projects.

The last is to promote the development of life service industries such as catering and housekeeping.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/19/china-will-expand-domestic-demand-and-promote-consumption/.

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