MOFCOM and six other ministries issued implementation opinions to expand and
upgrade goods consumption, targeting total retail sales of consumer goods of
around 60 tln yuan by 2030. The plan aims to cultivate 10 tln yuan-level markets
in green, smart and health consumption and to sustain growth in trillion-yuan
retail categories — autos, home appliances, communications equipment and
textiles/apparel — to maintain China’s globally leading market scale.
