China s latest efforts to boost sales of automobiles, home appliances and other big-ticket items are expected to stimulate consumers appetites, spur a consumption recovery amid the pandemic, and stabilize economic growth.
China's retail and services sectors are gradually recovering and gaining growth momentum, fueled by better containment of the COVID-19 pandemic and a slew of stimulus measures to spur consumption taking effect, industry experts said.
Chinese consumers have become more rational and are carefully reviewing their needs, tending to scrutinize their consumer spending amid the COVID-19 pandemic, according to a report by global consultancy Accenture.