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China has recently optimized its COVID-19 control measures

2022-12-12

China has recently optimized its COVID-19 control measures to minimize their impact on people's normal life and economic activities. The following are some new measures being taken in different localities across the country.

Closed-off management lifted, the southern city of Guangzhou lifted closed management measures temporarily imposed on districts including Haizhu, Tianhe and Panyu.

In the hardest-hit Haizhu district, closed-off management had been in place in most parts of the district for half a month.

The city said it will identify high-risk areas in a more precise way, which in principle will be restricted to only residential compounds and building units.

China's consumer goods market resilient despite COVID-19

The report analyzed 26 key categories spanning the four largest consumer goods sectors, namely, packaged food, beverages, personal care, and home care.

Across the four sectors, packaged food and home care led the growth during the period due to epidemic-induced stockpiling and heightened health and hygiene concerns.

In the retail channel, e-commerce grew at a similar pace as the overall FMCG market while smaller offline store formats and online-to-offline (O2O) commerce rode on the tailwinds of the epidemic, the report noted.

In the third quarter, O2O commerce saw a 17-percent value growth compared to last year as consumers sought to stock up and fulfill instant needs.

Convenience stores and grocery stores also gained traction, the report showed.

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