The International Consumption Season 2025 and the 6th Shanghai 5-5 Shopping Festival were officially released in a joint occasion arranged by the Ministry of Commerce, China Media Group (CMG) and the Shanghai Municipal Government on Thursday in Shanghai, with goals to further broaden foreign markets and investment.As Chinas Ministry of Commerce introduced a number of procedures to support the cultivation of global customer cities, Sheng Qiuping, vice minister of commerce, required worldwide customer cities to proactively line up with the Central Governments policies, leading the way in broadening consumption, setting standards and efficiently leveraging numerous policies to update item usage at the releasing ceremony.By 2024, the total retail sales of consumer goods in Shanghai, Beijing, Guangzhou, Tianjin and Chongqing are expected to account for about one-eighth of the national overall, with imported consumer goods comprising over half of the countrys overall imports, Sheng detailed.Aside from trade, Wang Xiaozhen, vice president of CMG, noted that cultural and traveler usage also play major roles in strengthening financial development.
Chinese cinema has actually seen a record-breaking ticket office efficiency, making it the biggest market globally, Wang explained, prompting to additional harness media brand resources and trigger market capacity by integrating a mix of ideas, art and innovation in its communications method.
Marwan Ahmed bin Ghalita, acting director general of Dubai Municipality, likewise made a speech at the introducing ceremony via video link.Affirming Dubais commitment to its advancement technique, intending to become the most appealing, sustainable and high-quality living city, he revealed hopes for reinforcing collective ties and promoting shared success and advancement between these 2 global cities on the occasion of the 25th anniversary of the Shanghai-Dubai collaboration.(Cover: The International Consumption Season 2025 and the sixth Shanghai 5-5 Shopping Festival jointly launch in Shanghai on May 1, 2025./ CMG)