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Ten Highlights of China's Commercial Sector 2019

1. Innovation leads to high-quality consumer market growth; empowers domestic consumption to drive China’s overall economic growth

2. China adopts an e-commerce law to improve market regulation

3. Service consumption proliferates; catering industry embraces digital marketing; community businesses become increasingly competitive

4. Business model upgrading and transformation revolutionize the retail sector

5. Boosting imports to address consumer demand for quality living; global sourcing enhances consumption upgrading

6. Government to bolster growth of the real economy; further optimizes the business environment, cuts taxes and fees

7. Digital transformation of retail accelerates; supply chain digitalization to help drive economic growth

8. Department stores, hypermarkets and supermarkets continue to reinvent and innovate; capital investment in the convenience store sector proves to be a double-edged sword

9. Rural e-commerce sees rapid growth; plays a key role in poverty relief and rural revitalization

10. Shifting from price wars, logistics players compete on service quality to satisfy consumer upgrading

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Content provided by Fung Business Intelligence
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