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China launches 2027 plan to boost trillion-yuan consumer sectors with AI-driven, personalized products.
China has launched a new action plan to develop multi-trillion-yuan consumer sectors by 2027, focusing on elderly care, smart vehicles, and electronics, along with ten high-value product categories like smart wearables and pet goods.
Led by the Ministry of Industry and Information Technology and five other agencies, the initiative aims to align supply with demand by promoting high-quality, personalized products using AI and other advanced technologies.
It supports consumption through trade-in subsidies, digital upgrades, and targeted policies, while addressing past supply-demand mismatches via precision manufacturing, innovation, and stronger market regulation.
The strategy is tied to China’s broader 15th Five-Year Plan, aiming to sustainably boost domestic demand and economic growth through 2030.
China lanza un plan 2027 para impulsar sectores de consumo de billones de yuanes con productos personalizados impulsados por IA.