Insight Tag

Within the third 12 months of China’s dual circulation strategy geared toward prioritizing domestic consumption while remaining open to international investment and trade, the style consumer market is facing a serious test resulting from the zero-COVID-19 policy and other pressures. In the primary half of 2022, the style hubs of Beijing, Shanghai, Guangzhou and Shenzhen were disrupted by the pandemic to various degrees, severely disrupting local travel and demand, which had been seen because the driving force behind the policy, although the tourist center of Hainan performed higher. In accordance with economic data released by the National Bureau of Statistics of China earlier this month, the country’s major economic indicators in July generally fell in comparison with the month before, meaning...