Shopping festival reflects pandemic lifestyle shifts - News Summed Up

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Shopping festival reflects pandemic lifestyle shifts


BEIJING — High-end home appliances and camping gear were among Chinese shoppers’ most sought after buys during the “618” shopping festival, according to e-commerce platforms, in a sign of how China’s COVID-19 curbs are driving lifestyle changes. The event was the first major shopping festival to take place since several Chinese cities, including Shanghai, were hit by a series of lockdowns to halt the spread of COVID-19. ADVERTISEMENTConsumption in China remains weak as shoppers were confined to their homes in Shanghai and other cities. Retail sales slipped another 6.7 percent in May from a year earlier, on top of a 11.1-percent contraction the previous month. In addition, rising health awareness during the pandemic also pushed people to stockpile health products, JD.com said, citing surging sales of organic milk, high-end teas, and fitness drinks.


Source: Philippine Daily Inquirer June 22, 2022 00:50 UTC



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