China announces measures to modernize retail industry
The Chinese government issued a document on Monday that outlines measures to modernize the nation’s retail industry over the next five years.
According to the document, the country seeks to initially form a modern retail system that features enriched supplies and high-quality services, and that is smart, convenient and green by 2029.
To modernize the industry, upgrade and transformation efforts targeting department stores, shopping centers, supermarkets, and community business hubs will be made, according to the document jointly issued by seven government departments including the Ministry of Commerce.
Reference Link:- https://english.news.cn/20241216/d7a9ccab9f1e4260a6247f5a558218b3/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
