Referring to travel intentions for the Spring Festival holiday, the survey found that though travel intentionality increased thanks to the optimization of COVID-19 measures, consumers were still sticking to a cautious attitude regarding offline consumption, leading to a more anemic willingness among respondents compared to the previous year.
Given the increasingly complicated external environment, uncertainties, a high base of comparison from 2021 and anemic external demand, there is still pressure on China's foreign trade sector in the fourth quarter, said Sun, who is also secretary-general of the China Chamber of International Commerce, or the CCIC.
While that was slower than the blistering (and unsustainable) 11.6 percent average pace of the five previous years, it was four times the US economy's anemic 2.1 percent average annual growth over the post-crisis 2010-14 period.
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