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Consumption highlighted in Shanghai's economic layout for 2023
January 12, 2023China's financial hub Shanghai on Wednesday set the gross domestic product (GDP) growth target for 2023 at over 5.5 percent, with a package of incentive measures introduced to fulfill the goal.
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Opening-up in major sectors seen next year
December 27, 2022China will continue to widen opening-up and guide foreign companies to invest in key areas such as advanced manufacturing, modern services and energy conservation in its market in 2023, the Ministry of Commerce said on Friday.
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Shanghai ramps up role as consumption hub
August 04, 2022Shanghai, with all aspects of life gradually recovering after a COVID lockdown, will take measures to create more business opportunities for global consumption enterprises and step up efforts to be "an international consumption center city", or an international hub of consumption, in the 14th Five-Year Plan (2021-25) to sustain its long-term development.
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"First-store economy" drives retail consumption in China
January 12, 2022Eyeing for the wide consumer market and the increasing demand for quality life in China, more and more international and domestic brands have set up their first stores in the country or in a major Chinese city, injecting new impetus into the country's retail sales.