Quality consumption will be main buttress of 'dual circulation'

The COVID-19 pandemic has severely suppressed China's consumption this year. In the first half, the growth rate of consumption declined. Many people are concerned about whether consumption－it has been the driving force of China's economic growth in recent years－is still strong.

Three key factors distinguish China's consumption story today.

First, the consumer market during the extended National Day and Mid-Autumn Festival holiday in early October was vigorous in some regions and industries, after recovering in an orderly manner.