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Ten Highlights of China’s Commercial Sector 2018

1. A key principle of China’s 19th Party Congress: China’s distribution industry to evolve from big to strong; aims to meet people’s desire for a better life through innovation and transformation

2. New commercial input and innovation sustains consumer market growth; technology brings smart advantages

3. Business innovations become evident, embracing “New Retail” strategies to attract consumers

4. Artificial Intelligence facilitates the creation of new retail formats; smart business models become the next digital frontier

5. Convenience stores see robust growth; technological innovation a key driving force

6. Distribution sector supply chain integration: leading to optimal supply-demand matching, national supply-side structural reform

7. Rural areas become a new powerhouse for e-commerce growth; e-commerce plays a larger role in agricultural upgrading, alleviating rural poverty

8. Demand for localized lifestyle services surge; growth rate far exceeds consumer goods consumption

9. Physical retail market rebounds; transformation and innovation are imperative for the future of China’s commercial sector

10. Digitization facilitates transformation and upgrade of China’s agricultural produce wholesale markets, with electronic clearing and settlement systems greatly enhancing product traceability

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Content provided by Fung Business Intelligence
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