[HIGHLIGHTS] Hua Yuan, Vice Mayor of Shanghai: Developing new consumption is an important way to expand domestic demand and stimulate consumption potential.

Hua Yuan, Vice Mayor of Shanghai: Developing new consumption is an important way to expand domestic demand and stimulate consumption potential. In 2023, Shanghai's online shopping transaction volume will reach 1.6 trillion yuan, and live broadcast retail sales will reach 253.2 billion yuan, ranking first among cities in the country.

79 of Shanghai's large commercial complexes exceeding 100,000 square meters have been established as national-level green shopping malls. The 2024 Annual Meeting of the China Development Forum will be held on March 24-25, 2024.