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Ten Highlights of China’s Commercial Sector 2020

1. Domestic consumption sees steady growth; further improving China’s consumption structure and business environment

2. Night-time shopping and consuming proliferates, bringing new growth opportunities

3. Services consumption continues to boom; catering industry thrives and enters a smart new era

4. Transformation of consumer market and circulation sector accelerates; creates a stronger domestic market

5. Innovative retail formats and new business models become evident, capturing diverse and fast-changing consumer demand

6. Digitalization becomes the “new normal”; revolution in the circulation industry facilitates reconstruction of production processes

7. Renovation of pedestrian streets facilitates consumption upgrading; trend for coordinated development between commerce, tourism and cultural businesses

8. Community retailing shifts towards services; “last-100-meter” retail gains attention

9. Joint efforts to promote rural e-commerce, food traceability and poverty relief lead to mutual gains

10. Agricultural distribution channels accelerate transformation; rural issues and consumption upgrading are better addressed

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