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China targets 10 trillion yuan consumer market by 2030
China has unveiled an ambitious plan to expand the market for green, smart, and healthy products to reach 10 trillion yuan by 2030, as part of its efforts to raise total retail sales to 60 trillion yuan (about $8.85 trillion). The plan includes developing key categories valued at over one trillion yuan, such as automobiles, electrical appliances, and clothing, aiming to strengthen its position as the world's largest market for these products. The initiative focuses on supporting the adoption of vehicles, smart homes, and products tailored for seniors and children, while encouraging increased consumption of healthful and environmentally friendly products.
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