China’s tech groups have launched a multibillion-dollar campaign to help domestic exporters tap into the country’s thriving e-commerce market. The initiative aims to increase sales and revenue for Chinese businesses seeking to sell their products at home.
The push is part of efforts by China’s technology sector to promote domestic consumption, which has become increasingly important in recent years due to declining exports. By supporting small and medium-sized enterprises (SMEs) and larger companies alike, the campaign seeks to boost economic growth and create new job opportunities.
Key details include:
– The initiative involves multibillion-dollar investments.
– It targets Chinese exporters seeking to tap into domestic e-commerce markets.
– The effort aims to promote domestic consumption and support SMEs.
Source: https://www.ft.com/content/7e015987-b293-4031-85bc-e31c6d285d62