Ministry Of Commerce: Foreign Retail Enterprises Are Still Optimistic About The Potential Of China'S Consumption.

Speaking at a regular press conference today, the spokesman of the Ministry of Commerce gave a reply to the "suning.com wholly owned subsidiary Suning international invested 4 billion 800 million yuan to acquire 80% of the shares of Carrefour China".

The peak pointed out that since the reform and opening up, foreign-funded retail enterprises have played an important role in China's economic development, not only for the vast number of consumers to provide quality products and services, but also bring advanced management experience, promote market competition, and promote the development of the industry.

For the Ministry of Commerce, how to view Tesco, Lotte Mart, Carrefour and other foreign retail giants who have been evacuated from the Chinese market, the peak said that China's commercial retail industry is a fully competitive industry, and strategic cooperation, merger and reorganization is a normal market behavior, and is also the result of market competition.

With the wide application of Internet technology, new forms of business and new modes of business are developing rapidly. Some foreign retail businesses are still optimistic about the potential of China's consumption, hoping to provide high-quality products and services to meet diversified, quality and personalized consumption needs, and further expand the Chinese market.

With the continuous release of China's consumption potential and the transformation and upgrading of consumer demand, the Chinese market will have more opportunities for development. Investors are welcome to continue to enter and expand the Chinese market, and will continue to work hard to create a more stable, fair, transparent and predictable business environment for all kinds of market players including foreign-funded enterprises.

For the online e-commerce business and offline business super integration development problems, the peak pointed out that this is a new trend of the development of commercial retail industry, including foreign capital. It can realize the complementary advantages of different formats and expand the comprehensive service space of the supply chain. It can not only push forward the innovation and development of enterprises, but also provide consumers with better consumption experience. The Ministry of Commerce will continue to take positive measures to promote the development of online and offline interaction and promote the transformation and upgrading of consumption in China.