China Federation of Commerce: China's retail sentiment index at 50.3% in February

On February 6, the China General Chamber of Commerce (CGCC) released the China Retail Prosperity Index (CRPI) for February, which was 50.3%, unchanged from the previous month. Analysis shows that with the optimization of the anti-epidemic policy and the fall of the number of new crown infections after reaching the peak, residents' willingness to consume has been further released, and policies to boost confidence, expand domestic demand, stabilize employment and increase income have been introduced one after another after the festival, fully stimulating the vitality of market players, and the traditional consumption off-season in February is expected to be not light, and the economic recovery continues to heat up.