Shanghai blazes path in growing debut economy

Experts: Product launches, first store openings can boost consumer demand

Shanghai stands out as a pioneer of China's debut economy, a concept that was highlighted during the tone-setting annual Central Economic Work Conference, which was held on Dec 11 and 12 in Beijing.

The debut economy is believed to hold immense potential for boosting consumer demand and reshaping the retail market, experts said while discussing the impact of the meeting, which outlined priorities for economic work in 2025.

Debut economy refers to the benefits that are generated by product launches or the opening of first stores in a region, and also covers the launch of new services or creation of new business models and technologies.