Economic Daily: There is great potential to be tapped in online retailing.

Since the beginning of this year, China's e-commerce has continued to develop healthily, with online retail performing particularly well. According to data from the National Bureau of Statistics, from January to July, China's online retail sales increased by 9.2% year-on-year, with the growth rate accelerating by 0.7 percentage points compared to the first 6 months, reaching a new high for the year. The booming development of online retail not only changes the way consumers shop and reshapes the retail landscape, but also demonstrates the increasing enthusiasm and potential for online consumption. We need to further implement the "trade in old for new" initiative in consumer goods, create high-quality consumer supply, and better leverage the demand advantages of China's super-large market. Continuously expanding e-commerce new models such as live-streaming sales and instant retail to create development space for new consumption formats and scenarios. For example, by building live-streaming bases for agricultural products to increase online retail sales of agricultural products; expanding online services such as online catering, online tourism, and online education, creating immersive online consumption scenarios to satisfy people's continuous pursuit of a better life.