Shanghai officials signaled accelerated action during the 15th Five-Year Plan period to advance the city’s international consumption center strategy, prioritizing smart consumption and expansion of inbound spending. Directives emphasize deeper integration of culture, commerce, tourism, sports and exhibitions, promotion of multi-format/multi-element/multi-scenario retail, rapid development of flagship consumer destinations, and strengthening specialty commercial districts and streets to uncover n

Shanghai officials signaled accelerated action during the 15th Five-Year Plan period to advance the city’s international consumption center strategy, prioritizing smart consumption and expansion of inbound spending. Directives emphasize deeper integration of culture, commerce, tourism, sports and exhibitions, promotion of multi-format/multi-element/multi-scenario retail, rapid development of flagship consumer destinations, and strengthening specialty commercial districts and streets to uncover new demand, spawn new business models and cultivate new retail formats.