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Policy incentives, digital techs a shot in the arm for China's retail sector–China Economic Net

Source: ce.cn ce.cn
News Snapshot:

After grappling with lingering COVID-19 for months, China's retail sales sector is gaining steam in its recovery, with fuel added by the government's supportive policies and digital technologies. The country's retail sales of consumer goods went down 6.7 percent from a year ago in May, narrowing by 4.4 percentage points from April, data from the National Bureau of Statistics (NBS) showed. "The recovery of consumption will pick up pace as people's lives return to normal," said NBS spokesperson Fu Linghui, attributing the smaller decline to the improving epidemic situation and business activities, as well as policies to spur consumption. On…

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