Over 70 Of Chinese Retail Chains Are Suffering Huge Losses, With More Than 500 Stores Closing Down

In the blistering heat of July, China s chain retailers has been hit by a cold snap. One after another, listed companies have revealed their financial conditions for the first half of this year, showing a decline in revenue and frequent occurrences of Net losses prior to extraordinary Many chain retailer brands have had to invite stateowned asset companies to buy shares, and the Chinese government is also willing to take on these hot potatoes, preparing for a complete lockdown management of China in the future. ,chinaretailchain, chinaeconomy, chinaobserver All rights reserved.