Five cities eye globally attractive consumption

Augusto Bordini

China will accelerate the transformation of five major cities — Shanghai; Beijing; Guangzhou, Guangdong province; Tianjin; and Chongqing — into global consumption centers on par with New York and London, and create globally attractive retail environments, as part of the country’s latest moves to boost consumption. The document, formulated by the Ministry of Commerce, said China aims to further expand domestic demand and promote high-standard opening-up. The country will actively…

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