Reported 1 day ago
Chinese media reports on a growing trend where consumers prefer to rent items instead of buying them, citing this change as a boost to domestic demand. Despite a cautious spending atmosphere and weak retail sales growth of just 3.5% this year, the rise of rental services signals new potential for consumption formats. Government initiatives have introduced subsidies to encourage spending, yet broader economic challenges remain as household demand struggles in the wake of a prolonged real estate downturn.
Source: YAHOO