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As Chinese consumers become thrifty amid an economic slowdown, Insider Intelligence forecasts just 9.1% increase in e-commerce sales in 2022, lowest since 2008 (Shen Lu/Wall Street Journal)

Shen Lu / Wall Street Journal:
As Chinese consumers become thrifty amid an economic slowdown, Insider Intelligence forecasts just 9.1% increase in e-commerce sales in 2022, lowest since 2008  —  Consumers cut back on apparel, cosmetics, while spending more on food, wellness and pet care  —  China Wrestles With Protests, Discontent Amid a Slowing Economy

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