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China to host online shopping festival to boost economy impacted by coronavirus
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Sectretary of State Mike Pompeo says China will ‘pay a price’ for what they did to America.
China is hosting an online shopping festival from April 28 to May 10 in an effort to boost the country's consumption, state newspaper The People's Daily reported Thursday, citing the Chinese Ministry of Commerce.
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The decision to host the nearly two-week-long festival comes after China's gross domestic product fell 6.8 percent year over year in the first quarter of 2020, according to the National Bureau of Statistics.
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The festival is the second of its kind in China and will include 100 e-commerce companies selling a range of goods from agricultural products to electronics, The People's Daily reported.