MNCs in retail, travel bullish on Chinese market

As China's annual two sessions draw near, multinational retailers in the consumer goods sector and travel operators said they are optimistic about the growth prospects in China this year.

The two sessions, or the annual sittings of China's top legislature and the top political advisory body, are slated for early March. They are key events on China's political calendar as they indicate the direction economic policies will head toward in the months ahead.

Multinational corporations in retail and travel industries said their confidence in China is high as the country had optimized its COVID-19 response measures while consumer demand has been continuously rebounding.