China’s increasing domestic demand ramps up retail industry growth: GlobalData

“China’s relative success in containing the COVID-19 and the early relaxation of restrictions have encouraged wary consumers to return to malls and shops, and helped the retail industry to bounce back to growth. The key drivers of this rise also came from the planned increase in the ‘dining-out’ spending and holidays, with more consumers now feeling confident and comfortable about traveling, socialising with holidays being offered at discounted prices.”
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