Due to epidemic prevention lockdowns, in April 2022, Shanghai’s total retail sales of consumer goods fell by 48% compared to the same period last year, with the most severely impacted accommodation and catering industry plunging by 69%. This contributed to an 11% nationwide decline in retail sales in April. The latest data released on June 16 shows that retail sales in China decreased by 6.7% year-on-year in May, remaining sluggish.