Consumer Staples, Financials May 16, 2022 11:20 AM (GMT+8) · EqualOcean
Fu Linghui, spokesman of the National Bureau of statistics, said at a press conference on the 16th that generally speaking, the decline in consumption in April was mainly affected by the short-term impact of the epidemic. As the epidemic situation is controlled and the production and living order returns to normal, the pent up consumption in the early stage will be gradually released. Since the middle and late April, we have seen that the overall domestic epidemic situation tends to decline, and the epidemic situation in Shanghai and Jilin has gradually improved, which is conducive to creating a suitable consumption environment. At the same time, stabilizing the macro-economic market, strengthening assistance to enterprises, stabilizing posts and expanding employment will ensure residents' consumption ability. In addition, various policies to promote consumption have shown remarkable effects, and the recovery trend of China's consumption is expected to continue.

This text is a result of machine translation.