Chinese consumers wary of splurging after COVID-19 strictures fall

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SHANGHAI: China's weary public and businesses have welcomed the easing of stringent 'zero-COVID' measures, but Jorry Fan, who lives in the eastern city of Suzhou, said it prompted her to drop any plans to dine

Despite some reports by analytics firms of jumps in bookings of domestic flights and movie tickets, the moves are from low bases and make up a picture that clashes with scenes of empty subway seats at peak hour in major cities such as Beijing and Shanghai.

"Because of the epidemic, we are now using promotions and coupons to attract customers, which actually make us run at a loss," one of the masseurs said.Many businesses also say they were caught on the wrong foot, with an executive of a major hotel chain saying it was"totally unprepared for such a dramatic and drastic reopening".

Sales of items such as cosmetics, wine and spirits are likely to continue to suffer as cautious consumers stay at home in coming months, said Jason Yu, Greater China managing director of consumer research firm Kantar Worldpanel.

 

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