Karl Shen is director of China corporate research at Fitch Ratings. Jenny Huang is senior director of China corporate research at Fitch.
Opinion
COVID's end will not bring back China's free-spending shoppers
Pandemic-driven shift toward essentials and online retail likely to be long-term
Residents visit reopened retail shops in Beijing on May 29: The new way of thinking is shared by a broad swathe of consumers. © AP
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