JDT Chief Economist on National TV: Promoting Consumption Can Improve Enterprises’ Efficiency

JDT Chief Economist on National TV: Promoting Consumption Can Improve Enterprises’ Efficiency

by Ling Cao

“Promoting consumption isn’t just serving customers, but also supporting digitalization of enterprises, ultimately improving efficiency across the whole industry chain,” said Dr. Jianguang Shen, chief economist of JD Technology in an interview on May 8 with Chinese National TV, onsite at the on-going China International Consumer Products Expo held in Haikou, Hainan province. The TV program reported that online and cross-border consumption are surging according to many enterprises onsite.

The program also reported that as of 2019, China has become the world’s largest consumption market, and it continues to release its economic growth potential. The expo not only accelerated domestic circulation, but also increased demand of imported products, attracted overseas investment, and promoted international circulation.

The expo has gathered nearly 1,500 exhibitors from around 70 countries and regions. As China’s largest retailer, JD.com has an exhibition booth in partnership with top brands from around the world, such as Bose, Sony, Nintendo, GAS BIJOUX, Siemens, Swisse, Ferrero, GoPro, and many more, as well as a range of events and initiatives that are taking place during the expo.

Lei Xu, CEO of JD Retail, said: “It’s JD’s responsibility and mission to join the exhibition to further improve the shopping experience by providing a larger variety of products and better services. We want to work with more partners to promote the upgrade of both supply and consumption. We believe that this Expo and the establishment of Hainan Free Trade Port will inject more vitality in global free trade, the global governance system and the recovery of the world economy.”

 

(ling.cao@jd.com)

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