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Coronavirus: Chinese consumer sentiment still reeling from pandemic, hitting hopes of ‘revenge shopping’

Summary:
[unable to retrieve full-text content]A quick consumer rebound in China, or what some describe as “revenge shopping,” is unlikely to happen in the second quarter as more people focus on saving over spending following the coronavirus outbreak, a new survey shows.More than half of Chinese households planned to increase their savings and cut back on spending after the outbreak was contained, while 40 per cent would maintain normal shopping patterns and 9 per cent would buy more, according to the survey of 28,000 people by researchers…

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[unable to retrieve full-text content]
A quick consumer rebound in China, or what some describe as “revenge shopping,” is unlikely to happen in the second quarter as more people focus on saving over spending following the coronavirus outbreak, a new survey shows.More than half of Chinese households planned to increase their savings and cut back on spending after the outbreak was contained, while 40 per cent would maintain normal shopping patterns and 9 per cent would buy more, according to the survey of 28,000 people by researchers…

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