China retail sales significantly below forecast

Mark Ellis September 15, 2021 News Leave a comment 233 Views

In August Chinese retail sales were predicted to grow by 7% by a number of analysists, it actually came in at 2.5% leading to a significant drop in APAC stocks.

The blame is being pointed at China’s zero-tolerance policy towards lock down leading to fewer buyers walking the streets. NBS data for the last few years shows the continued impact of the pandemic.

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About Mark Ellis

Here on CBT Pulse Mark shares his knowledge and recommendations for International eCommerce and will shortly be releasing a manual for retailers on the subject. He is a specialist in helping grow retailer's sales overseas and has been leading international selling programs for marketplaces, SaaS companies and directly for retailers over 15 years. He started his career as a freelance software developer building eCommerce shops and marketing websites and has been involved in product development/delivery throughout his career.

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