China’s consumption recovery gains momentum amid mid-year shopping fest

Beijing Review | Jun 20, 2022 at 2:00 AM
  • China’s consumption recovery has gained impetus from the mid-year online shopping spree amid the country’s efforts to improve domestic market demands and upgrade consumption.
  • Thanks to sustained policy support, China’s domestic vehicle market became brisk in May with production and sales up 59.7 percent and 57.6 percent, respectively, from a month earlier, boosting related service consumption such as car maintenance and repair.
  • Supported by the resilience of supply chains provided by the e-commerce platform, the company was able to regulate production and reorder in a targeted manner, effectively easing inventory risk that is common for clothing brands.