China vows support for small stores

0 Comment(s)Print E-mail Xinhua, 07 20, 2020
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BEIJING, July 16 (Xinhua) -- Chinese authorities have released a  circular aimed at supporting small stores as part of efforts to increase employment, expand consumption, and improve people's livelihoods.

The circular, jointly issued by the Ministry of Commerce and six  other government departments, detailed measures to develop 1,000  clusters of small stores nationwide by 2025.

Measures will be taken to promote the transformation and upgrade of  small store clusters, said the circular, adding that such stores may  extend business hours and digitalize marketing activities to offer  residents multiple services.

E-commerce platforms, logistics firms, trading enterprises, and  central kitchens are encouraged to cooperate with small stores to reduce their costs, according to the circular.

The circular also noted that preferential policies related to small  stores, such as tax and fee cuts, should be fully implemented.

China had over 80 million small stores by the end of 2019, creating jobs for about 200 million people. Enditem

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