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Why Chinaโ€™s retail rally in lower-tier locales tops big-city light spenders

As Chinaโ€™s metropolitans tighten their belts and cautiously spend amid uncertain future economic prospects, a more upbeat narrative is unfolding in the nationโ€™s third- and fourth-tier cities. Unlike the frugality gripping top-tier cities where residents scale back dining budgets, restaurants overflow with diners in smaller Chinese cities, shopping malls continue to hum with activity, and […]