Analysts don't expect a quick, broad rebound in spending in the world's second largest economy, as the glee that greeted the abrupt relaxations was tempered with uncertainty for consumers and businesses.
Yet the relaxations are expected to usher in a wave of infections that experts say
"Moving from isolation facility quarantine to home quarantine will not increase retail sales significantly," said Iris Pang, chief economist for greater China at ING. Despite some reports by analytics firms of jumps in bookings of domestic flights and movie tickets, the moves are from low bases and make up a picture that clashes with scenes of empty subway seats at peak hour in major cities such as Beijing and Shanghai.
"Because of the epidemic, we are now using promotions and coupons to attract customers, which actually make us run at a loss," one of the masseurs said.Many businesses also say they were caught on the wrong foot, with an executive of a major hotel chain saying it was "totally unprepared for such a dramatic and drastic reopening".
Sales of items such as cosmetics, wine and spirits are likely to continue to suffer as cautious consumers stay at home in coming months, said Jason Yu, Greater China managing director of consumer research firm Kantar Worldpanel.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Chinese Diplomat Tells UK Students to Not Criticise Zero-Covid PolicyA Chinese diplomat in Britain who was involved in a violent attack on pro-democracy activists in Manchester has come under fire again after he reportedly made veiled threats against Chinese students critical of Xi Jinping’s draconian ‘Zero-Covid’ agenda.
Consulte Mais informação »
Editorial: We heard from the nation’s top doctor on loneliness, isolation and what to do if you catch COVIDLoneliness, anxiety and COVID-19: Advice for living from the nation's top doctor.
Consulte Mais informação »
Bivalent COVID shot for young kids gets federal approval, will be available within daysFDA and CDC sign off on a new bivalent COVID shot for the youngest kids. Moderna and Pfizer differ slightly but both are considered safe and effective
Consulte Mais informação »
Teacher vacancies more pronounced in high-poverty, high-minority schools since COVIDNEW YORK — Teacher vacancies in schools around the country persist after the height of the COVID-19 pandemic, according to the latest data from the National Center for Education Statistics.
Consulte Mais informação »