China is encouraging regions to develop a number of distinctive recreational vehicle (RV) tourism routes as part of a broader push to unlock RV consumption and cultivate RV camping as a new growth area, according to a new guideline released on Friday.
China is ramping up efforts to boost consumption by making smart home upgrades more affordable and accessible, while tackling compatibility and service barriers that have held back wider adoption, said officials and industry experts.
Shanghai will further consolidate its position as a global trade center by 2030, outlining a series of targets to enhance its appeal as a global consumption hub through high-standard opening-up, according to officials.
China has rolled out an action plan to spur smart home consumption, with a focus on expanding high-quality supply, improving product standards and strengthening fiscal and financial support, the Ministry of Commerce said on Monday.
China aims to lift total retail sales of consumer goods to around 60 trillion yuan ($8.3 trillion) by 2030 and foster 10-trillion-yuan markets in green, smart and health-related consumption, the Ministry of Commerce said on Monday.
An American arriving at Shenzhen Bao'an International Airport in Guangdong province can buy a coffee with PayPal. A South Korean shopping for electronics in Huaqiangbei, a sprawling electronics hub, can pay with Hana Pay. A Vietnamese visitor dining in Shekou can settle the bill with ZaloPay.
China has expanded the scope for withdrawing and using housing provident funds, a move expected to help unlock housing-related consumption and make the system more accessible to a broader range of workers.
China has unveiled a package of measures to unlock the potential of lower-tier, smaller-scale urban markets, with a particular focus on county-level spending, as counties emerge as an increasingly important driver of consumption growth, officials and experts said.
China has unveiled a package of measures aimed at tapping the consumption potential of lower-tier markets, with a focus on spurring spending in counties, the Ministry of Commerce said on Tuesday.
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