The Chinese Government Should Make Efforts To Develop E-Commerce And Domestic Brands.

According to the news from Shanghai, the Chinese government has reformulated a five year plan, which will be announced in March next year, which will mainly develop e-commerce in China.

It is reported that the five year plan is similar to the five year plan from 2011 to 2015. It will focus on network enterprises and domestic e-commerce companies, especially the innovation ability of the company's enterprises.

According to last week's report by China Internet Information Center (CNNIC), in 2014, China surpassed the US as the largest online retail market in the world, with e-commerce revenues of 439 billion US dollars, equivalent to 7% of the domestic GDP value.

At present, the domestic fashion brands still have plenty of room for development. This year, at the invitation of New York fashion week organizers, the FASHION SHENZHEN series of economic and trade activities will again appear in the fashion week main venue this year. After third consecutive years of honor, the Shenzhen fashion army, which is invited to participate, will make a new appearance with the most powerful lineup of the past.

Domestic fashion brands are becoming more and more international, and there are only foreign brands in the Chinese market. Nowadays, the fashion brands in China can also be seen in foreign markets.

Rajiv Biswas, Asia Pacific chief economist at IHS global perspective, said: "according to recent measurements, we predict that China's retail sales will grow by about 8% between 2016 and 2020.

The development of e-commerce will be more rapid, which will further benefit the expansion of the logistics industry, and freight companies will benefit from the strong growth of e-commerce. "

Biswas believes that the plan for e-commerce will also have an impact on the textiles and clothing industry, because the government says it wants local brands to go global.

Rajiv Biswas said: "China's thirteenth five year plan will focus on developing textile industry with higher value-added space.

In addition, the Chinese government has announced that it will encourage the internationalization of Chinese brands, which means that in the next 10 years, TNCs will face greater competition both in the Chinese market and in the international market.

The government also encourages the development of creative industries and may give them priority, because the government aims to build China into a leading design center.

So far, the plan has slowed down the further growth of China's economy, and to some extent, is conducive to China's economic growth.

Many domestic measures show that China needs to shift its dependence on exports and promote economic development.

Some experts believe that the government's measures have achieved initial success, despite the recent downturn in the economy.

"China has become the fastest growing consumer market in the world," said Michael Zakkour, vice president of Tompkins International.

Or household products, personal care products, or health care products, Chinese consumers will get together in the pocket.

China is no longer a manufacturing powerhouse. We can see China's domestic consumption GDP index.

Li Keqiang, premier of the State Council, said that China needs to achieve a desire of GDP growth of at least 6.5% over the same period of last year. The economic slowdown is only a gradual process, with a slowdown of roughly 8%, 7.7%, 7.4%, or 7.4%.

Output is growing at an orderly pace.

This is the first time that senior Chinese leaders have publicly acknowledged that they will lower their GDP target and still meet the target of doubling GDP by 2020.

The five year plan from 2016 to 2020 will fully develop the electricity supplier and the domestic fashion brand, and will undoubtedly give the domestic electricity supplier and the local fashion brand a great opportunity.

Luxury brands abroad are now moving into the Chinese electricity supplier market. Although luxury brands have never been willing to accept the electricity supplier, they are unable to stop the trend of the electricity supplier. Even the most conservative brands have begun to learn to embrace the electricity supplier and enter China to start their money wars.

At the same time, smart Chinese consumers will also choose to buy overseas goods through e-commerce.