Retail sales in China surged 33.8 percent in the first two months of this year: an important rebound after the complete lockdowns of the first part of 2020.
It was not just revenge spending and/or willingness to go back to normal: referring to last year’s low base, China’s National Bureau of Statistics states that growth of key indices remains stable and macro indicators are within reasonable ranges.
The capacity to contain the coronavirus pandemic before other major economies were able to do so has allowed China to rebound faster and represent a clear signal that the country remains one of the leading areas in the world for business investments.
You can find out more in this article from Insideretail.
