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

Mark is the VP for Growth and Partnerships at Webinterpret, a leading Cross Border Technology company. Before that Mark was leading the operations for eBay's European cross border program. He has over 20 years of eCommerce industry experience, guiding and delivering strategic change in retailers, working with companies such as Dyson, Regatta, Boots and Arcadia Group, leading multi-million dollar programs for industry giants like Dunnhumby and working with small businesses delivering innovative retail solutions.

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