Hey there, news lovers! In a bold move, the Chinese mainland’s retail giants are uniting to back exporters hit by new U.S. tariffs. Supported by the Ministry of Commerce, major retailers have launched fast-track channels and innovative strategies that are already making waves across the domestic market.
Ministry of Commerce spokesperson He Yongqian revealed that meetings with trade associations and key retail players are paving the way for export-oriented enterprises to tap into domestic sales. This initiative aims to integrate foreign trade goods into local channels, offering exporters a fresh start when overseas demand weakens.
The China General Chamber of Commerce and six national trade associations have rolled out a joint proposal urging grocery chains, department stores, e-commerce platforms, and wholesale markets to set up "green channels." These channels will feature dedicated retail zones, fast-track procurement, and even training sessions to help exporters align with evolving consumer preferences.
Industry giants are stepping up! JD.com has pledged to source about 200 billion yuan worth of export-to-domestic goods in the coming year. Meanwhile, FreshHippo, Yonghui Superstores, CR Vanguard, and Lianhua Supermarket have unveiled initiatives like 24-hour support and streamlined onboarding processes. Early results show impressive engagement with over 200 partnership inquiries and burgeoning interest in revitalizing surplus inventory—and even co-developing trendy new products. 🚀
This proactive strategy is a vivid reminder that even in challenging times, creative solutions and a collective effort can turn obstacles into opportunities. Stay tuned for more updates on this dynamic shift in international trade!
Reference(s):
China mobilizes retail giants to support exporters hit by U.S. tariffs
cgtn.com
