Accueil » China. Retail market at a standstill and GDP at lowest level since 1976 China. Retail market at a standstill and GDP at lowest level since 1976 Last year, retail sales fell in China in parallel with a sharp slowdown in G.D.P. This is reflected in the Q4 results of H&M, LVMH and Estée Lauder, despite the lifting of Covid-19 restrictions at the end of the year. Through Bleuenn Fequant et Sophie Baqué. Published on 10 February 2023 à 10h21 - Update on 10 February 2023 à 12h38 Resources In China, G.D.P. grew only by 3% in 2022, below a target of 5.5% set by Beijing, recording a very weak growth compared to 2021 (up by 8.1%). Apart from 2020, when G.D.P. increased by 2.3%, this was the worst performance since 1976.… This article is for subscribers only Already have an account? Log in You are not registered yet ? Sign up for a free trialfree for 1 month Online services : studies, analyses, databases and much more Daily Briefing : latest news digest Weekly letters Last name First name Email address Bleuenn Fequant et Sophie Baqué chinadataduty free À lire Alibaba wants to boost its growth in Europe thanks to BNPL LVMH: Annual revenue up by 23% and record net margin China. The government distributes vouchers to boost the economy China. Kering and LVMH can hope for growth in 2023 Essentials Synthèse et historique de tous les contenus sur une thématique suivie en détails par la rédaction Les dernières publications A year of crisis: Retailers' initiatives to cope with the purchasing power drop Guarantees and insurance: new drivers of conversion and customer satisfaction Analyzes Synthèse et historique de tous les contenus sur une thématique suivie en détails par la rédaction Les dernières publications Fashion: which second-hand models are the most profitable at retailers? Charging for returns: pure players follow the lead of omnichannel retailers
