A shopping district in Shanghai. Local media says aggressive promotions by retailers have drawn thousands of buyers across the city. Photo: Reuters A shopping district in Shanghai. Local media says aggressive promotions by retailers have drawn thousands of buyers across the city. Photo: Reuters
A shopping district in Shanghai. Local media says aggressive promotions by retailers have drawn thousands of buyers across the city. Photo: Reuters

China economy

Shanghai hopes pent-up consumer spending will boost economy, but poll shows big-ticket purchases have been put on hold amid gloomy outlook

  • City organises 55 Shopping Festival to drive discretionary spending by residents
  • Boston Consulting Group poll suggests about two-thirds of mainland consumers will not spend lavishly this year

Topic |   China economy
A shopping district in Shanghai. Local media says aggressive promotions by retailers have drawn thousands of buyers across the city. Photo: Reuters A shopping district in Shanghai. Local media says aggressive promotions by retailers have drawn thousands of buyers across the city. Photo: Reuters
A shopping district in Shanghai. Local media says aggressive promotions by retailers have drawn thousands of buyers across the city. Photo: Reuters
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