Shoppers on Nanjing East Road in Shanghai, China, on Wednesday, Oct. 2, 2024. Photographer: Qilai Shen/Bloomberg
Supply chains and retailers in the country must enhance coordination to accelerate the focus shift of export-oriented enterprises toward the domestic market and help stimulate internal consumption, a senior official at the China General Chamber of Commerce has said.
Fu Longcheng, deputy head of the chamber, said that while export-to-domestic sales is not a new concept, it has taken on renewed urgency in the current economic climate, given the higher tariffs imposed by the United States on Chinese exports.
