Minister Wang Wentao Conducts Research in Shanghai on Market Supply and Consumer Trends During the New Year and Spring Festival Period
On January 3, 2026, Wang Wentao, Minister of Commerce, conducted an inspection at the Shanghai No. 1 Department Store and Zhenning Market to assess the supply of daily necessities for the New Year and Spring Festival, the consumer market, and the tax-free shopping system for outbound travelers. He also visited frontline staff in the commerce sector and supervised work safety in the commercial sector. Wang Wentao emphasized the need to strengthen market monitoring and early warning systems during the holiday period, effectively organize the “Joyful Spring Festival Shopping” special campaign, innovate diverse consumption scenarios, and increase the supply of high-quality goods and services. He called for optimizing the implementation of the consumer goods trade-in policy to leverage its guiding role, focusing on green and smart innovation to foster new growth tracks and industries, and prioritizing physical retail to achieve balanced development across online and offline channels. He also directed key commercial enterprises—including agricultural wholesale markets, supermarkets, e-commerce platforms, and logistics firms—to strengthen the connection between production and sales, ensure adequate holiday stockpiles, and guarantee market supply. We will rigorously ensure production safety in the commerce sector and make every effort to create a festive atmosphere. (Ministry of Commerce website)
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