SHANGHAI -- Chinese consumer spending soared during the Lunar New Year holidays, especially at online retailers, though travel expenditures were subdued due to COVID-19-induced restrictions.
Retail
Chinese New Year consumption soars as COVID eases up
Retail and catering sales increase 29%, and moviegoers set box office record
China's consumer spending is expected to grow 7% during the year of the ox as the country recovers from the coronavirus. © Reuters
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