1、What the experts sayJanuary 2025Ten Highlights of Chinas Commercial Sector 202501Preface02About the Organizations03Expert Panel Members04Implications for Businesses and Tips for Enterprises08Ten Highlights for 2025Contents1PrefaceThe HKUST Li&Fung Supply Chain Institute and the Expert Committee of t
2、he China General Chamber of Commerce are pleased to present the 22nd edition of our annual Ten Highlights of Chinas Commercial Sector report.In 2024,Chinas commercial sector continued to evolve,driven by a combination of policy support and shifting consumer behaviours.This year has seen significant
3、developments in digital transformation,service consumption,and environmental sustainability in the commercial sector,reflecting the dynamic nature of the market and the resilience of businesses operating within it.Service consumption has remained a key growth area,with consumers increasingly seeking
4、 diverse and high-quality experiences.Innovations in service models,such as the integration of commerce,culture,tourism,sports,and health,have played a crucial role in this growth.The governments emphasis on building a high-quality service industry has further supported these trends,creating new opp
5、ortunities for businesses to thrive.The competitive landscape has intensified,with businesses facing shrinking profit margins and high turnover rates.However,companies that focus on cost control,efficiency improvements,and innovative business models have managed to navigate these challenges successf
6、ully.The importance of agile and resilient supply chains has also become evident,particularly for enterprises expanding into overseas markets.For companies that go global,effective localization strategies and strategic partnerships are key to success in regions like Southeast Asia,the Middle East,an