China retail sales significantly below forecast

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.

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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