A-share tax-refund stores sector jumped in early trade; Maoye Commercial rose over 5%, with Baida Group, Nanning Department Store, Guangbai and Cuiwei also higher. MOFCOM and six other ministries issued implementation opinions to expand and upgrade goods consumption, targeting about 60 trillion yuan in total retail sales of consumer goods by 2030 and calling for continued growth in trillion-yuan categories such as autos, home appliances, communications equipment and textiles/apparel.

2026-09-01

A-share tax-refund stores sector jumped in early trade; Maoye Commercial rose over 5%, with Baida Group, Nanning Department Store, Guangbai and Cuiwei also higher. MOFCOM and six other ministries issued implementation opinions to expand and upgrade goods consumption, targeting about 60 trillion yuan in total retail sales of consumer goods by 2030 and calling for continued growth in trillion-yuan categories such as autos, home appliances, communications equipment and textiles/apparel.