GlobalData

Beijing's relaxed foreign investment rules and tax incentives are expected to boost domestic and foreign trade. In 2013, they began the construction of two zones that aimed to open up the service sector to boost overall economic growth. Beijing has been a pioneering city in developing a national integrated demonstration zone for greater openness in the service sector, which has led to an increase in the contribution of the service sector to the total GVA in Beijing from 77% in 2013 to 82% in 2022.

Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.

As physical stores reopen, online spending may drop to 13.4% by end-2021 but never below pre-COVID levels.