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Retail warns of uncertainties as China tweaks zero-COVID

Reopening in 2023 expected to be 'slow, painful and bumpy,' says economist's headquarters in Beijing. The company logged net income of 6 billion yuan in the third quarter.   © Reuters

HONG KONG -- Although China has introduced 20 guidelines to ease the country's stringent zero-COVID strategy, there is still no clear indication of when an economic and consumption recovery will begin or how strong it will be, said's chief executive officer Friday.

"It is true that COVID-19 conditions will continue to pose challenges to the economy and consumption in the near term," said Xu Lei, who also serves as the executive director of China's second-largest e-commerce platform.

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