The consumer-to-manufacturer, or C2M model, which leverages online retailers' big data and customer analysis capabilities to optimize a brand's products specifically to meet the unique demands of the Chinese market, has gained momentum during this year's shopping spree. The sales of C2M home appliances at JD rose by two times compared with the same period last year.
The contagion also harmed a few digital businesses to some extent. But as the outbreak is under better control in China, the nation's online consumption is already steadily recovering and the trend is likely to continue in the second half of this year, analysts said.
The conference provided a panoramic view of the latest technologies, including cloud computing, big data and artificial intelligence.
The country will also pay close attention to financial risk control, and make sure that the country's financial oversight and regulatory capabilities are in line with the level of opening up, according to the statement.
The congress will deliberate and adopt an amendment to the CPC Constitution.
The country aims to bring hog-production capacity back to normal levels this year with the help of supportive financing, as well as environmental and land-use policies, the ministry said in an online statement released after a meeting on agricultural work for the second half of this year.
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The country will enforce stronger border management and quarantine measures and adopt closed-loop systems for the management of all incoming personnel via border entries, it said.
The country will also continue to modernize its financial system, mitigating the risks of asset inflation and income inequality even as it provides needed capital to a much broader set of enterprises.
The conferences will examine industrial integration and model innovation in the service industries, including e-commerce, express services, sports and traditional Chinese medicine. They aim to provide an opportunity for participant merchants to better understand China's industrial policies and dynamic environment.
The consumption sector accounted for 64.6 percent of China's GDP growth last year, becoming the biggest driver of the economic growth.