The Ministry of Commerce, along with eight other departments, has jointly released the Opinions on Accelerating the Development of Commerce Through Science and Technology Innovation. This initiative is designed to drive high-quality growth within the commerce and trade sector by leveraging technological innovation and to expedite the establishment of a robust domestic market. Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and in full alignment with the principles outlined at the 20th National Congress of the Communist Party of China, the Opinions advocate for coordinated actions to enhance the quality of commodity consumption, broaden service consumption, boost circulation efficiency, and encourage scenario-based integration and innovation.
Key tasks outlined in the Opinions encompass:
Simultaneously, the Opinions underscore the importance of optimizing the environment for commercial technology development. This includes refining standard systems, fortifying digital and intelligent infrastructure, strengthening safety oversight, and bolstering support and guarantees in areas such as scientific and technological research and development, talent development, and financial backing.
