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The Covid pandemic has permanently changed Chinese consumers' shopping habits. But China's core problem remains: Domestic consumption is not sufficient to reliably support the economy. Even the high growth rates recorded by the retail sector over the recent months are not much of help.
By Marcel Grzanna
The number of Chinese "unicorns" is rising. Especially in the Greater Bay Area of the Pearl River Delta, highly valued start-ups find a thriving ecosystem. The US is still far ahead in the number of unicorns. However, China is catching up in leaps and bounds.
By Frank Sieren
