Pursuits
Big Data Confirm China Consumer Rebound From Makeup to Club Med
- Luxury hotels, restaurants, online retailers saw sales improve
- Box office hauls disappointed and auto sales remained lukewarm
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China’s consumers led the economy to a surprisingly strong performance as the expansion accelerated for a second-straight quarter. Alternative indicators confirm momentum gained in March, even as the picture wasn’t as bright in movie theaters and auto showrooms.
Spending at luxury hotels and restaurants picked up and online sales climbed last month, according to data from the nation’s dominant bank card network and No. 2 e-commerce platform JD.com Inc. Box office activity stalled and car sales decreased in the first quarter.