Beijing, December 16, 2024 – The Europe Today: The Chinese government on Monday released an ambitious document detailing measures aimed at modernizing the nation’s retail industry over the next five years.
Jointly issued by seven government departments, including the Ministry of Commerce, the plan seeks to establish a modern retail system by 2029. This system will prioritize enriched product supplies, high-quality services, and emphasize smart, convenient, and environmentally sustainable practices.
The initiative outlines comprehensive upgrade and transformation efforts across various retail sectors, including department stores, shopping centers, supermarkets, and community business hubs. These measures aim to enhance efficiency, improve consumer experiences, and align the retail industry with the country’s broader green and digital transformation goals.
The document underscores the importance of fostering innovation and integrating advanced technologies to create a more sustainable and intelligent retail ecosystem. By 2029, the government envisions a robust and modernized retail framework that supports China’s high-quality economic growth.
This initiative reflects China’s commitment to driving economic development through technological innovation and sustainable practices across key industries.
