The Ministry of Commerce hosts a seminar with foreign retail enterprises in Shanghai.

On November 8, during the 8th China International Import Expo, Vice Minister of Commerce Sheng Qiuping organized a roundtable meeting for foreign retail enterprises in Shanghai, with representatives from some foreign retail enterprises participating in the discussion. Sheng Qiuping stated that the retail industry is a fundamental sector of the national economy, serving as a bridge between production and consumption, a crucial platform for final consumer consumption. It plays an important role in guiding production, expanding consumption, creating employment opportunities, ensuring people's livelihoods, and strengthening the domestic circulation. The development of the industry is in a period of rapid transformation, with China's retail industry being large in scale, showing positive trends, and full of vitality. Sheng Qiuping pointed out that the spirit of the Fourth Plenary Session of the 20th Central Committee of the Communist Party of China has set the direction for the future development of China's retail industry. Foreign retail enterprises are welcomed to develop in China. It is hoped that foreign retail enterprises will have confidence in long-term development in China, serve as bridges for communication and exchange, and share opportunities and achievements of China's development. Representatives from foreign retail enterprises at the meeting expressed high regard for the development potential of the Chinese market, believing in the bright prospects of the Chinese economy. They are willing to develop in China for the long term, expand investments, strengthen innovation, and achieve sustainable development through providing quality products and services to Chinese consumers. This article was selected from the official website of the Ministry of Commerce, edited by GMTEight, by Liu Jiayin.