Swire Properties is betting on the country's growing appetite for destination retail with its first resort-style Taikoo Li development on the Chinese mainland, as shopping centers increasingly evolve into leisure destinations encouraging extended stays rather than places to simply fill up shopping carts.
China has rolled out a landmark policy package aimed at making the entire commercial chain smarter, greener and more integrated, in a bid to turn technological innovation into a driving force for a strong domestic market and high-quality trade development.
BEIJING -- China has released new guidelines to promote the application of artificial intelligence (AI) and other advanced technologies in commerce, as part of efforts to upgrade consumption and improve commercial distribution efficiency.
China is stepping up efforts to encourage tourism and cultural spending as a roughly 10-day national holiday approaches, with more travel products, cultural events and consumer subsidies rolling out across the country.
China's top leadership has emphasized that expanding domestic demand is vital not only to economic stability, but also to economic security, making it a strategic priority rather than a temporary policy measure.
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.