The recently released Statistical Report on the Development of China's Internet Network shows that the Chinese online shopping industry has been developing in a sustained and healthy way, with green consumption and domestic products becoming new growth points for consumption. Nurturing new types of consumption has become a key focus for the government, academia, and the industry.

Industry:Unlocking New Consumer Demand and Reigniting Passion

In recent years, more and more trendy toys full of creativity and individuality have been favored by consumers, especially young consumers. Dongguan, as the "trendy toys capital of China", plays an important role in the national and even global toy industry. At present, 1/4 of the world's animation derivatives are produced in Dongguan, and nearly 85% of China's trendy toys are produced in Dongguan.

The general manager of a trendy toy manufacturing company in Dongguan said in an interview with the GBA Voice program "Hong Kong Clear" that Dongguan has held many trendy toy events, and local trendy toy companies are constantly combining trendy toys with intangible cultural heritage. They are starting to transform traditional culture into commercial value, using the power of cultural influence to promote product sales. All these measures can greatly promote the development of new consumption.

Release of Results of the "China Trend Toy Capital: Dongguan Guochao Design Competition"

In recent interview on the “Hong Kong Clear” program on the Greater Bay Area Voice, the general manager of the Shenzhen commercial plaza shared that the strategy to drive new consumption was to combine park-like scenery to create new immersive and integrated consumption scenes, create a digital consumption platform and meet consumer emotional needs by creating a pet-friendly mall, which provides consumers with a more immersive and exciting shopping experience.

To be a translation expert, you need: - To be fluent in at least two languages. - To have a deep understanding of the grammar and syntax of both languages. - To be able to convey the meaning of a text accurately and effectively from one language to another. - To be able to proofread and edit your own work. - To be able to work independently and meet deadlines. - To be able to use translation tools and resources effectively.:New Consumption Standards

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What exactly is "new" about new consumption?

Wang Xianqing, president of Guangdong Business Economics Association, recently pointed out in an interview with the "Hong Kong Clearly" program by the Greater Bay Area Voice that the "new" standard can be distinguished from multiple perspectives.

Wang Xianqing believes that the "new" is first reflected in the technological aspect, such as the consumer innovation caused by the application of a large number of new technologies such as short videos; secondly, it lies in new scenarios, new models, and new methods; The third is the change in consumer tastes from the perspective of new types of consumption. Consumers emphasize more personalization, fashion, and digitization, which has changed the entire consumption system and content.

What advantages does the Greater Bay Area possess in developing new types of consumption?

Wang Xianqing said that there are two unique features in the development of new consumption in the Greater Bay Area:

  • The Greater Bay Area is the core area of the world's factory. Now that the Greater Bay Area wants to develop new types of consumption, it can develop more "production-based consumption". Consumers can go directly to the Greater Bay Area, enter the industrial park by tourism, and complete personalized customization of products such as jewelry, clothing, furniture and other products on site to provide consumers with a better consumption experience;

  • The Greater Bay Area is an important window for opening up to the outside world and can give full play to its pivotal role. From the perspective of global supply chains, it combines consumption chains and supply chains to provide domestic consumers with more high-quality world-famous brand products make consumption more internationalized.

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Author: Emma

An experienced news writer, focusing on in-depth reporting and analysis in the fields of economics, military, technology, and warfare. With over 20 years of rich experience in news reporting and editing, he has set foot in various global hotspots and witnessed many major events firsthand. His works have been widely acclaimed and have won numerous awards.

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