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China's "High Five" initiative boosts global consumer reach in five major cities, driving foreign tourism and retail growth.
The "High Five" shopping initiative, launched under China’s 14th Five-Year Plan in Beijing, Shanghai, Guangzhou, Tianjin, and Chongqing, has boosted the country’s global consumer presence through streamlined entry, improved shopping experiences, and enhanced payment systems.
These cities now draw about one-third of China’s foreign visitors, host a quarter of top pedestrian streets, nearly one-third of time-honored brands, over half of imported consumer goods sales, and roughly 70% of duty-free revenue, reinforcing their status as major international consumption hubs.
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La iniciativa "High Five" de China aumenta el alcance global de los consumidores en cinco grandes ciudades, impulsando el turismo extranjero y el crecimiento del comercio minorista.