As Chinese consumers become thriftier amid an economic slowdown, Insider Intelligence forecasts a 9.1% increase in 2022 e-commerce sales, the lowest since 2008
@shenlulushen Shanghai resident Ma Enbiao's family is saving more and stockpiling food after this year's lockdowns. Mr. Ma, who is into smart home devices and cameras, hasn't splurged on electronics this year and is eating out less. “I'm downgrading my lifestyle.” https://www.wsj…
All expected: as zero-covid policy proves to Chinese consumers that life can ‘stop’ in an instant, confidence in future prospects plummets 1/6 https://www.wsj.com/...
@shenlulushen China is the world's largest e-commerce market, whose online consumption totaled $6.1 trillion in 2021, government data show. The pandemic has spurred the industry's growth, but the momentum has lost steam. https://www.wsj.com/...
Consumers in China are becoming more thrifty as the economic slowdown continues, dragging down the growth of the world's largest e-commerce market https://www.wsj.com/...
Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country's economic slowdown drags on, impeding the once-inexorable growth of the country's e-commerce companies. @shenlulushen https://www.wsj.com/...