Discover Chinas Booming Retail Sector with Record Growth in May Thanks to Subsidies
Highlights: – China’s retail sales in May saw remarkable 6.4% growth, the highest since late 2023. – The surge in consumption was fueled by government subsidies and trade-in programs. – Despite the growth, challenges like falling property prices and trade policy uncertainty remain. China’s Retail Sales Surge Amidst Economic Challenges The recent surge in China’s […]
