China Rebound at Risk as Xi Curbs Officials’ Lavish Spending

China Rebound at Risk as Xi Curbs Officials’ Lavish Spending

Tomohiro Ohsumi/Bloomberg

A pedestrian walks past an Hermes store in Beijing. Retail sales may have gained 12.6 percent, up from a 12.3 percent pace that was the weakest for the first two months of the year since 2004.