COVID-19: China’s economic rebound continues, but may follow “W-shaped” pattern

Date : 17 June 2020

Jiong-Jiong Yu

Senior Retail Analyst

Major indicators released on 15 June by the National Bureau of Statistics showed improvements in the retail sale of consumer goods in May. However, there are challenges ahead. Retail sales decline slowed to -2.8% YoY in May Total sales of retail consumer goods reached CNY3,197 bn (US$452…
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