China's top market regulator has announced a bold three-year action plan set to begin next year, aiming to optimize the consumer environment and boost domestic consumption. 🛍️
According to Luo Wen, head of the State Administration for Market Regulation, the plan includes upgrading the complaint and report processing system to effectively address consumer pain points. The initiative also focuses on fostering a significant number of trustworthy brick-and-mortar stores, online platforms, restaurants, and tourist attractions. 🏪🍔🛒
In the first 11 months of 2024, China's retail sales of consumer goods reached nearly 44.3 trillion yuan (about $6.16 trillion), marking a 3.5% year-on-year increase. Online retail sales saw an impressive jump, totaling approximately 14 trillion yuan, up 7.4% from the previous year. 📈💰
This comprehensive approach is expected to create a more vibrant and reliable consumer market, benefiting both businesses and shoppers across the country. Stay tuned for more updates as China continues to enhance the shopping experience for its citizens and visitors alike! 🌟
