The recovery prospects of the world’s second-largest economy: China

Supplied: Reuters.
Retailers in China face a daunting near-term future after a disappointing mid-year online shopping festival that has also clouded the recovery prospects of the world’s second-largest economy. E-commerce sales declined for the first time during the so-called 618 festival that ended last week, reports said, reflecting the pressures building up on retailers who are already locked in a gruelling price war. The festival, named after the June 18 founding date of e-commerce provider JD.com but em

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