With the arrival of summer, China's consumer spending has gradually warmed up, regaining vitality on the back of policy stimulus, a trend expected to continue as economic growth rebounds. Industrial data unveiled on July 11 shows that auto sales in the country expanded 23.8 percent year-on-year in June, rebounding from a three-month declining streak. For market watchers, the uptick mirrors a broader revival in the retail sector. Despite an upbeat start this year, retailers of the world's second-largest economy have been come under pressure since March, with COVID-19 flare-ups disrupting normal business activities and ... (full story)