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China vows support for small stores

Abstract : Chinese authorities have released a circular aimed at supporting small stores as part of efforts to increase employment, expand consumption, and improve people's livelihoods.

BEIJING, July 16 (Xinhua) — Chinese authorities have released a
circular aimed at supporting small stores as part of efforts to increase
employment, expand consumption, and improve people’s livelihoods.

The circular, jointly issued by the Ministry of Commerce and six
other government departments, detailed measures to develop 1,000
clusters of small stores nationwide by 2025.

Measures will be taken to promote the transformation and upgrade of
small store clusters, said the circular, adding that such stores may
extend business hours and digitalize marketing activities to offer
residents multiple services.

E-commerce platforms, logistics firms, trading enterprises, and
central kitchens are encouraged to cooperate with small stores to reduce
their costs, according to the circular.

The circular also noted that preferential policies related to small
stores, such as tax and fee cuts, should be fully implemented.

China had over 80 million small stores by the end of 2019, creating jobs for about 200 million people. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China vows support for small stores

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