Guizhou improves market quality, stimulates consumption

The Guizhou Express Logistics Park in Longli county is a major e-commerce and logistics hub in the province. It serves more than 800 agricultural product manufacturers and transports more than 2,200 kinds of commodities across the country. [Photo/ddcpc website]

According to the Ministry of Commerce, the "One Ma" intelligent commerce big data platform of Southwest China's Guizhou province was recently selected as one of China's 43 excellent commerce technology innovation applications.

The platform represents Guizhou's efforts to promote Guizhou-made commodities and improve consumption quality.

At the 12th CPC Guizhou congress held in 2017, it was proposed that Guizhou should focus on expanding investment, consumption and exports and build a long-term mechanism for expanding domestic demands so as to achieve sustainable economic development.

In recent years, Guizhou has held various shopping activities and issued coupons to stimulate consumption, promote smooth commerce circulation, improve the quality of the consumption market, and continue expanding domestic demands.

Guizhou's total retail sales of consumer goods increased from 415.4 billion yuan ($65.26 billion) in 2017 to 890.43 billion yuan in 2021. The annual growth rate of retail sales of consumer goods in urban areas increased from 11.8 percent in 2017 to 13 percent in 2021, while in rural areas, it increased from 12.9 percent in 2017 to 18.6 percent in 2021.

In the future, Guizhou will promote the construction of city business circles and 15-minute living circles, upgrade the quality of commodity markets, boost service consumption, and take full advantage of consumption potential.