2020-09-18
Fablog successfully won the bidding of Jinan International Duty Free City Planning Project with its rich experience and reputation this week.
The oversea travelling scale and expenditures is ranked top 1 worldwide in recent years. In 2019, Consumption abroad of Chinese visitors is nearly 270 billion US dollars, which is the two times than Americans. It also amount to annual GDP of a developed country such as Singapore.
In the 13th Five-year Plan, the aim of expanding and developing new power mentioned that “ fit the fast consumption upgrading, release consumption potential by improvement of consumption environment, meet and create consumption needs through supply improvement and innovation…based on the tourist city, optimize layout if duty free shops and develop international consumption center. “If the huge oversea consumption could return back to China, it will substantially pull the domestic economy level.
The weakness of policy and regional layout is the opportunity for future market development. Jinan government could catch this chance, and takes the project as main task for 2020. It will help the tourism and pull the domestic demand.
