About HKTDC | Media Room | Contact HKTDC | Wish List Wish List () | My HKTDC |
繁體 简体
Save As PDF Email this page Print this page
Qzone

China to Promote Innovative Transformation of Retail Stores

The State Council recently issued its Opinions on Promoting the Innovative Transformation of Retail Stores in a bid to promote the transformation of these retail entities and unleash their growth momentum.

The Opinions clearly map out the development direction and the recommended policies and measures. An approach combining the elimination of backward operations with the fostering of new growth drivers will be adopted in the restructuring of commerce. Retail stores will be encouraged to readjust their regional distribution, mix of business formats and product mix to meet consumers’ ever-rising levels of consumption. They will also be encouraged to make innovations in business operations, organisational form and services in order to improve their cutting edge and core competitiveness.

The Opinions put forward the following specific policies:

Strengthen the planning of retail outlets, take market-oriented approaches to tap the existing resources of commercial establishments, optimise the distribution of outlets, and lower shop rentals.

Promote the streamlining of administration and the delegation of power. Chain operations will be offered greater convenience in business registration and local governments may not impose obstacles in any form to the establishment of non-corporate retail outlets and distribution centres. Restrictions on the refitting and decoration of shops facing the street will be eased and unnecessary approval procedures will be removed. Restrictions on outdoor sales promotion will be relaxed provided that public safety is ensured.

Reduce the tax burdens of enterprises by slashing import tariffs on some consumer goods, abolishing the levy of printing costs for tax invoices, promoting the use of electronic invoices and charging the same price for industrial and commercial electricity consumption.

For details of this document in Chinese, please see:

http://www.gov.cn/zhengce/content/2016-11/11/content_5131161.htm

Content provided by Picture: HKTDC Research
Comments (0)
Shows local time in Hong Kong (GMT+8 hours)

HKTDC welcomes your views. Please stay on topic and be respectful of other readers.
Review our Comment Policy

*Add a comment (up to 5,000 characters)