Shanghai posts strong holiday retail growth, up 7.7%
Shanghai reported steady growth in online consumption and physical-store spending, growing 7.7 percent year-on-year to reach 64.3 billion yuan ($9.44 billion) in total during the five-day May Day holiday, according to official data. Boosted by more than 300 daily activities tailored to target consumers across the city, consumers spent 36.95 billion yuan in physical stores…









