News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
7th Shanghai "Double Five Shopping Festival" to Launch Next Thu with Targeted Distribution of Consumption Vouchers
Shen Weihua, Director of the Shanghai Municipal Commission of Commerce, stated at a press conference held by the Shanghai Municipal Government that, in order to accelerate the deve...
Reset
Send
The window will close in 5 seconds
7th Shanghai "Double Five Shopping Festival" to Launch Next Thu with Targeted Distribution of Consumption Vouchers
Close
Recommend
4
Positive
1
Negative
1
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get Level 1 Real-Time Streaming!

Shen Weihua, Director of the Shanghai Municipal Commission of Commerce, stated at a press conference held by the Shanghai Municipal Government that, in order to accelerate the development of Shanghai as an international consumption center city, the 7th Shanghai "Double Five Shopping Festival" will officially launch next Thursday (30th). The event will span multiple key holiday consumption periods, including Labor Day, Mothers Day and the Dragon Boat Festival. It plans to establish a "1+21+16+X" activity framework, comprising one launch ceremony, 21 municipal-level key events, 16 district-level "One District, One Theme" activities, and more than 100 featured market-driven promotional events organized by major enterprises.

Shen Weihua revealed that during the shopping festival, consumption vouchers will be distributed in a targeted manner. A subsidy policy for newly purchased home appliances and digital products under designated self-selected categories will be formally implemented. Efforts will also be made to enhance invoice lottery incentives and organize enterprises to roll out special promotional offers, enabling consumers to enjoy tangible benefits.

Related NewsInflation Rate MoM for Apr in China is 0.3%, higher than the previous value of -0.7%. The forecast was -0.1%.
The theme of this years "Double Five Shopping Festival" is "Love Shopping in Shanghai, Enjoy Consumption." The event will achieve full coverage of business districts, commercial streets, shopping malls, brand enterprises, e-commerce platforms and end products, as well as comprehensive coverage of consumer groups. It aims to serve as a landmark event in promoting the "Shanghai Consumption" brand. The festival will highlight three major features: deeper integration of culture, commerce, tourism, sports and exhibitions; enrichment of quality goods and service supply; and stronger promotional incentives.

Specifically, the shopping festival will showcase international debut products, trendy domestic beauty products, original designer items, Shanghai-customized premium goods, IP-related merchandise, selected high-quality export products (six categories), and global cuisine, thereby building a quality-oriented, diversified and distinctive consumption supply system. (ta/da)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.