20 August 2026 | 9:27AM HKT Equity Research CHINA CONSUMER STAPLES MOC announced policy guideline to support county level consumption; High-level implications for our value retailer coverage with deep low-tier penetration On Aug 18, the Ministry of Commerce and eight other ministries jointly issued the Opinions on Further Stimulating Lower-tier Market Vitality and Boosting County-level Consumption, setting out 18 targeted measures to support county-level consumption and encourage the development of low-tier ...