China retail sales
China retail sales grew 6.7% YoY in January, February
China retail sales grew 6.7% YoY in January, February
Online retail sales grew 10.2% year-on-year, according to NBS.
China rolls out policy support to buoy retail growth
Support is expected to strengthen if retail sales do not stabilise in the next few months.
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The retailer strengthened consumer trust through value-led campaigns and innovative launches.
Commentary
This 11.11, the real battle lies in shopper confidence – not the biggest discount