On October 19, the State Information Office held a press conference to introduce the situation relating to the acceleration of science and technology development. Assistant Minister of Commerce Yuan Xiaoming explained the characteristics of the “Opinions on Accelerating the Promotion of Technology and Business Development” recently released. He said that this “Opinion” is a comprehensive and systematic document based on a new stage of development and issued for the first time under the theme of “Technology for Business Development.” The core is to use scientific and technological innovation as an important driving force throughout the entire chain of commerce and trade, and to promote the deep integration of technology and commerce. The main features of the policy can be summed up in three words: “new,” “complete,” and “actual.” “New” means highlighting technological innovation and adapting to new trends and changes in consumption. As people's living standards improve, consumers pay more attention to product quality and consumer experience. According to the Ministry of Commerce's Big Business Data, sales of smart glasses on key platforms increased 1.1 times in January-September of this year. New technologies such as artificial intelligence, the Internet of Things, and blockchain are widely used in the consumer sector, and technological innovation is increasingly becoming an important measure to promote consumption expansion and upgrading. The “Opinion” closely follows the new round of scientific and technological revolution and industrial transformation. It not only focuses on activating the consumer market based on the current actual need to expand consumption; it also focuses on long-term development to enhance traditional commerce, cultivate and expand emerging business formats through scientific and technological innovation, and inject lasting impetus into the high-quality development of commerce and trade.

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