The Ministry of Commerce of China announced that, with the approval of the State Council, Shanghai, Beijing, Guangzhou, Tianjin and Chongqing will take a leading role in the development of cities of international consumer centers, the Chinese Media Group (CMG) announced today.
“This move is a major strategic decision made by the Central Committee of the Communist Party of China and the State Council and will play a significant role in serving the establishment of a new development paradigm,” said Trade Minister Wang Ventao.
The International Consumer Centers Urban Development Plan is included in the 14th China Five-Year Plan (2021 2025) for national economic and social development and long-term goals until 2035.
“The ministry will work with other related departments to uncover a general plan to build cities, international consumer centers, and five cities will formulate their implementation plans to achieve the target,” Wang stressed.
More than 20 cities will be included in the ministry’s development plan, CMG said.