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Will China’s opening do the trick for Asian retail?

Source: Bigstock
The secret to being a good forecaster is to predict something often enough that in the long run it has a good chance of happening. Most of us in the retail industry were optimistic about the return of tourism two years ago, when mass vaccination programs kicked off. The year 2021 was, therefore, a disappointment, but that didn’t stop us from being flush with optimism a year later; the foot-dragging on unrestricted border openings had to end, or so we thought. Government hesitancy was entrenche