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CHINA PRESS: Experts Expect Steady Growth In Q1 Consumer Market

CHINA PRESS
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China’s consumer market will grow steadily in Q1 as the government expands trade-in schemes and promotional activities, according to experts interviewed by Yicai, following the State Council's Executive Meeting which focused on boosting residents' income. Guangkai Chief Industry Research Institute predicts retail sales of consumer goods will increase by 5.5% in 2025, with macroeconomic policies prioritising the expansion of domestic demand. Wang Peng, researcher at the Beijing Academy of Social Sciences, said China’s new consumption model will rely on emerging technologies such as 5G, artificial intelligence, and big data to develop personalised consumption experiences applicable to smart homes, wearable technology products, internet medical services, smart cars and e-commerce platforms.

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China’s consumer market will grow steadily in Q1 as the government expands trade-in schemes and promotional activities, according to experts interviewed by Yicai, following the State Council's Executive Meeting which focused on boosting residents' income. Guangkai Chief Industry Research Institute predicts retail sales of consumer goods will increase by 5.5% in 2025, with macroeconomic policies prioritising the expansion of domestic demand. Wang Peng, researcher at the Beijing Academy of Social Sciences, said China’s new consumption model will rely on emerging technologies such as 5G, artificial intelligence, and big data to develop personalised consumption experiences applicable to smart homes, wearable technology products, internet medical services, smart cars and e-commerce platforms.