China key to global supply chain, says economist

CHICAGO: Sharp increases in China’s retail sales volume during the Lunar New Year holiday week in February indicates that China has become a linchpin of not only the global supply chain but also global consumer spending, says a United States scholar.

China saw strong holiday spending nationwide, including by rural households and in tier-three and tier-four cities, Khairy Tourk, professor of economics at the Stuart School of Business, which is part of the Illinois Institute of Technology in Chicago, told Xinhua News Agency.