The Impact of Green Consumerism on The Chinese Commodity Market

Abstract

Recently, the idea of sustainable products has gained popularity all around the world. The market for environmental protection products is expanding as a result of the weakening of the economy, the worsening of global environmental issues, and the increase in public awareness of environmental protection. Environmental consciousness is growing in China, and the government has boosted the promotion of green products. The commodity markets in China are being impacted by green consumerism. This report, based on literature research, evaluates the influences of green consumerism on consumer behavior, the second-hand market, and individual firms in China. The findings indicate that China's commodity market has undergone a significant transformation as a result of eco-friendly consumerism. The second-hand market has grown a lot; the green management of companies has accelerated; social media and government policies have played a huge role in promoting the concept of environmentally friendly consumption among individuals and companies. However, the market for sustainable consumption in China is still in its infancy. There are still numerous issues that need to be resolved, such as green premiums and false environmental propaganda. In the future, as environmental consumerism intensifies, the commodity market in China will experience more significant adjustments.