Shulou(Shulou.com)11/24 Report--

CTOnews.com, March 23, according to the official account of "Shanghai issue", the Information Office of the Shanghai Municipal Government held a press briefing this afternoon to introduce "some measures for further promoting and expanding consumption in our city" and activities to promote consumption throughout the year. 2023 annual consumption promotion activities will be held throughout the year from February, with the fourth "May five Shopping Festival" and six major theme consumption season activities.

CTOnews.com learned from the article that in the next step, Shanghai will implement the vehicle purchase tax exemption policy for new energy vehicles, continue to implement subsidies for the replacement of new energy vehicles, promote the scrapping and renewal of old cars and further promote the use of new energy vehicles, and continue to implement subsidies for the consumption of green smart home appliances, giving consumers an one-time subsidy of 10% to 1000 yuan for personal consumption such as green smart home appliances.

According to the article, the online shopping transaction volume of Shanghai in 2022 is 1.35 trillion yuan, the global retail concentration ranks second in the world, and the concentration of international well-known high-end brands exceeds 90%. Tmall's 2022 New Brand Entrepreneurship Map shows that of the 1600 head new brands, 348 are from Shanghai.

The fourth "May 5th Shopping Festival" jointly launched with the Ministry of Commerce "International consumption season". The five major areas of "shopping", "cultural travel", "food", "competition" and "exhibition" run through International Labour Day, Mother's Day, International Children's Day, Dragon Boat Festival and other festivals, covering the period from late April to the end of June.

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