1、New retail reinvigorates Chinas imports New technologies, new models, and new channels Consumer industry consists of four sectors: Automotive; Consumer Products; Retail, Wholesale, and Distribution; and Transportation, Hospitality, and Services. The Deloitte Consumer practice delivers integrated ser
2、vices to clients and assists them to win the fast-changing market environment. 1 Chinas digital-driven new retail leads the global consumer market|2 Wealth accumulation, scientific and technological progress, and regional economic development spur market expansion and reform|6 High-quality, healthy,
3、 diverse the new era of import consumption|8 Digitization reshapes consumption patterns|9 Consumer demand still has growth potential|11 Conclusion|13 Contents New technologies, new models, and new channels 2 Chinas digital-driven new retail leads the global consumer market C HINA HAS DEVELOPED rapid
4、ly over recent years, becoming the worlds second-largest economy and largest online retail market. With the deepening of market reform and economic expansion, Chinas consumer market will embrace international producers with renewed openness and dynamism. Stimulated by strong consumer demand, oversea
5、s brands will enter a new era of opportunity. Chinas influence continues to rise in the global consumer market After decades of rapid development, Chinas economy is entering its “new normal.” The eco- nomic growth model is changing, with consumption replacing investment as the core driver of growth.
6、 In the first half of 2018, the contribution of final consumption expenditure (FCE) to gross domestic product (GDP) growth reached 78.5 percent. This figure has continued to rise since 2014, with the role of consumption in driving growth becoming increasingly prominent each year. The economic contri