China's zero-clearing impacts retail stores. In 2022, China Carrefour will close an average of one every 3 days.

(Associated Press)

[Financial Channel/Comprehensive Report] The zero-clearing policy has had a huge impact on the Chinese economy. Since 2022, 1.9 million retail companies have closed down. After Suning acquired Carrefour Supermarket in 2019, it suffered continuous losses. It is rumored that both companies have filed for bankruptcy. The Chinese economy is clearly on the red light.

The anti-epidemic policy has greatly reduced the chances for people to go out, impacting the domestic demand market. Restaurants have been closed due to losses. According to statistics, as of December 1, as many as 496,000 catering businesses in China have closed down, and 1.9 million small and medium-sized retail businesses have closed Good luck, but Gome also owes suppliers millions of payments and owes employees several months of salary.

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In addition, the prospects of retail supermarkets are also sluggish. During the epidemic period, e-commerce dominated, and traditional stores continued to lose money. As of the end of September this year, the number of Carrefour supermarkets in China acquired by Suning decreased by 54 compared with 2021, surpassing the total number of 49 closed stores in the past three years. A supermarket is shut down every 3 days, which shows the great impact of zero-clearing on retailers.

In addition, the department store industry is also facing a cold winter. Chongqing Dayang Department Store, which has been in operation for 14 years, announced its closure in October, and the Urumqi Railway Bureau Xidan Shopping Center (IU Hotels) also chose to close its business in November.

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