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Beijing is incentivizing consumer spending through subsidies on home appliances to counter deflation and boost economic growth.
Online holiday shopping hit a record high in 2024, boosted by AI shopping assistants and discounts, as spending surpassed $240 billion.
Major e-commerce platforms in China accelerate participation in a new trade-in scheme aimed at boosting consumer spending amid competition.
China faces significant economic challenges in 2025, including a real estate crisis, declining consumer confidence, and potential trade tariff impacts.
Experts warn that soaring stock valuations could lead to a significant market drop, impacting consumer confidence and the economy in 2025.
Hong Kong's retail sector faces challenges as sales decline for nine consecutive months, with a 7.3% drop in November amid changing consumer patterns.
Holiday shopping soared in 2024, surpassing expectations and showcasing the strength and resilience of the US economy.
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