China to accelerate innovative development of the retail industry
Chinese authorities have issued a guideline to accelerate the innovative development of the retail industry, aiming to establish a modern retail system and cultivate several globally competitive retail enterprises by 2030.
The guideline, released by multiple government departments including the Ministry of Commerce, outlines key tasks ranging from system planning for the industry’s layout to encouraging new supplies and creating new consumer demand, aimed at boosting the innovative transformation and high-quality development of the retail sector.
Reference Link:- https://english.news.cn/20260709/1b953ee1fe0d40bc8bf0f4e0aad6ac23/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.…
