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China bounce-back could be weaker than expected: Wood Mackenzie

China’s consumers are heading back to the shops after months in lockdown, but while the country’s retail sector looks set for a considerable boost, figures released last week by China’s National Bureau of Statistics (NBS) last week suggest industrial manufacturers – especially those exporting overseas – will take longer to find their stride.

China bounce-back could be weaker than expected: Wood Mackenzie China bounce-back could be weaker than expected: Wood Mackenzie China bounce-back could be weaker than expected: Wood Mackenzie China bounce-back could be weaker than expected: Wood Mackenzie China bounce-back could be weaker than expected: Wood Mackenzie

China's retail therapy-deprived consumers are heading out and ‘revenge spending’, says Wood Mackenzie

In a note published on Wednesday, Gavin Thompson, vice chair of Asia-Pacific at Wood Mackenzie, said China's exports, which accounted for 17% of the country's GDP in 2019, were being hit hard by the