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China’s “Lazy Economy” Set to Boom by 2025, Fueled by Smart Tech and Convenience
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China’s “Lazy Economy” Set to Boom by 2025, Fueled by Smart Tech and Convenience
Chongqing - China's rapidly expanding "lazy economy" is projected to exceed 3.5 trillion yuan (about 501 billion U.S. dollars) by 2025 and grow at an annual compound rate of 12.8 percent, faster than traditional retail, according to data and information provider Zhongyan. At JD Mall in Liangjiang New Area, staff explain the features of smart home appliances to consumers. (Photo/JD Mall) The term "lazy" doesn’t refer to passivity but to a new c…
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