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Economy

China watches 'lay-flatters' as risk to economy: 5 things to know

More Chinese youths reject pressures over work and family as futile

A delivery worker takes a break in Beijing. Many young Chinese see economic success as beyond their means regardless of virtues such as hard work, and reject the pressure-packed pursuit of a career and family.   © Reuters

SHANGHAI -- China's May retail sales announced on Wednesday increased 12% year on year but came in below market expectations as the increase was largely due to a rebound from a steep decline driven by the COVID-19 pandemic.

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