
China sets 2027 consumption targets
Six government agencies, including the Ministry of Industry and Information Technology (MIIT) and the National Development and Reform Commission, issued a plan to optimize consumer product supply and demand. The plan aims to establish three consumption sectors worth 1 trillion yuan each and 10 hotspots worth 100 billion yuan each by 2027. It sets out 19 key tasks across five areas, including promoting the application of artificial intelligence throughout the consumer goods industry.