CCTV News: At present, the Ministry of Commerce and nine other departments are implementing actions to improve the modern trade circulation system to promote high-quality development of the wholesale and retail industry.

A relevant person in charge of the Ministry of Commerce introduced on January 24 that in 2024, the added value of the wholesale and retail industry reached 13.8 trillion yuan, accounting for 10.2% of GDP, and the total number of employed people absorbed reached one-fifth. The network facilities are constantly being improved, and a total of 23 national-level pilot pedestrian streets have been renovated, and 5,188 convenient living circles have been built in one quarter of an hour.

More than 7.9 million people applied for new subsidies for mobile phones and other digital products

The reporter learned from the Ministry of Commerce on January 24 that since the implementation of new subsidies for mobile phones and other digital products on January 20, 7.92 million consumers have applied for new subsidies for 10.786 million units. In addition, in terms of consumer goods traded in 2025, as of 24:00 on January 23, 844,000 consumers have purchased 1.037 million units of 12 major home appliance traded in 2025.

The retail sales of the 2025 National Online New Year’s Festival has exceeded 700 billion yuan

Relevant persons in charge of the Ministry of Commerce introduced on January 24 that since the "2025 National Online New Year’s Festival" event was launched, various places have organized more than 400 supporting activities around the Spring Festival catering shopping, entertainment and tourism and other consumption hotspots, and online retail sales have exceeded 700 billion yuan.