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Consumption is a significant contributor to China's economic growth. Last year, consumption's contribution to GDP growth stood at 58.8 percent.
Costco's first store will be located in the Minhang district of Shanghai. It has memberships for family and corporate consumers with fees priced at 299 yuan (.1) each.
Convenience foods have become increasingly popular and seen a huge increase in sales as restaurants continue to be shuttered amid the coronavirus epidemic.
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Coupled with the ongoing consumption upgrade, this is shifting points of sales from overseas to China, where e-commerce reigns supreme.
来源：资阳报