China's July social consumption data shows a 3.1% growth in small shop consumption and a 3.4% decline in mall brand consumption, with the consumption structure showing a clear downgrading trend.
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Total Social Consumption in July Increased Slightly by 0.6%, Showing a Consumption Scissors Gap Between Malls and Small Shops
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Related events · Wave of Small and Medium-sized Enterprise Bankruptcies
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China's Share of Exports in New Industries Surpasses Domestic Demand Within Eight Months
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Net Fiscal Contribution of New Industries in July Drops to Negative 10.3 Billion Yuan
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China's Auto Retail Sales in August Fall Back to 2021 Levels
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A shop in Guangzhou officially announces closure
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