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Chinese Retailers Worried As Local Sales Slump

Germany Introduces 200-euro Culture Pass For 18-year-olds

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China’s retail sales have lagged since the COVID pandemic began in the beginning of 2020.

Inclination of local’ to save, rather than spend or invest, has soared to its highest in 20 years, according to People’s Bank of China surveys.

Some Chinese consumer brands are looking for growth in markets like the U.S. and Southeast Asia.

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