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2 clusters · 5 sources · 2 days · First seen · Last updated

Shanghai economic consumption and trade initiatives

Overview

Shanghai is implementing a series of economic strategies to bolster its status as an international consumption and trade center. Initial efforts focus on attracting foreign tourists to stimulate economic consumption, with the municipal government aiming to nearly quintuple tax-free merchandise sales to inbound visitors by 2030. To support this, officials plan to simplify tax-refund processes, optimize multilingual signage, and expand foreign payment services.

Further initiatives include the launch of the 2027 Shanghai Souvenir declaration process, which seeks to create a high-quality consumer goods matrix across sectors such as healthy food, cyber technology, and cultural experiences. Additionally, the city’s “15th Five-Year Plan” for international trade includes expanding the automotive consumption chain. This involves piloting reforms in automotive circulation, facilitating second-hand vehicle transactions, and integrating automotive racing with cultural tourism to drive secondary consumption.

Entities

Shanghai · China · Tom Holland · Zendaya · Shanghai Municipal People's Government

Timeline

  1. 16 days ago

    [BUSINESS] 2 sources
    Shanghai launches initiatives to boost consumption and trade

    Shanghai is advancing its international consumption center goals by launching a high-quality souvenir branding initiative and implementing a five-year plan to expand the automotive consumption and aftermarket.

  2. 17 days ago

    [BUSINESS] 3 sources
    Shanghai targets foreign tourists to boost economic consumption

    Shanghai aims to boost its economy by targeting foreign tourists, setting a goal to reach 20 billion yuan in tax-free sales by 2030 following high-profile celebrity visits to the city.

Sources

arts-spectacles.com · cinemablend.com · scmp.com · seher.no · sh-tec.cn