Beijing’s new 2030 retail road map targets price parity and social experiences to combat ‘trading down’ as retail growth hits weakest pace since pandemic.

New guidelines urge stores to expand private labels, transform business models and counter unfair competition from e-commerce platforms

Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate a number of…

Beijing’s new 2030 retail road map targets price parity and social experiences to combat ‘trading down’ as retail growth hits weakest pace since pandemic.