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​What about retaliatory consumption?

Published on: 26-Apr-2020

Belt and Road (off Lianhe Zaobao)
With China's domestic pandemic is under control, the consumer industry has not seen a retaliatory rebound as expected. Referring to a survey by UBS Evidence Lab on consumer attitudes among the Chinese, Prof Tan Kong Yam, who teaches Economics at NTU, said that the younger Chinese grew up in the environment of rapid economic development and the concept of consumption will not be easily changed due to the pandemic.

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