Shanghai launches Double Five shopping festival
To promote consumer spending and revitalize Shanghai's consumption, the Double Five shopping festival was officially unveiled on Sunday night.
Source: ecns.cn
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China's consumer spending sees sharp rebounding, with retail sales expected to grow 3-6% in H2
In spite of sporadic COVID-19 flare-ups across China, the country's consumption and tourism have rebounded quickly in summer time, buoyed by scientific anti-coronavirus measures and robust consumption stimulating packages.
Source: globaltimes.cn