News Snapshot:
Chinese consumers accelerate shift toward online shopping: Fitch 2020-06-25 15:51:11 GMT 2020-06-25 23:51:11(Beijing BEIJING, June 25 (Xinhua) -- Chinese consumers have accelerated their shift toward online shopping because of measures to curb the spread of COVID-19 and fears of infection, according to a report by Fitch Ratings. Online retail sales of goods will account for an increasing share of total retail sales, a trend that will be irreversible, noted the report. The ratings agency expects the ratio of e-tailing sales to total retail sales of goods to climb in the rest of 2020. Compared with more developed countries, China's e-tailing...
