On November 26, six central authorities including the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Commerce jointly issued the Implementation Plan for Enhancing the Alignment Between Supply and Demand of Consumer Goods to Furthe

China’s $42B+ pet market (CAGR 13.3%) is driven by post-2000s owners (1 in 4), who favor "parenting-style care." Capital fuels innovation in medical, smart hardware, and services, with 400B yuan forecast by 2027.