China Consumer Spending Shows Strong Rebound Signs
- Spending on cars, restaurants, movies grew rapidly in Feb.
- Investors remain cautious due to lack of economic stimulus
This article is for subscribers only.
Consumer spending in China has picked up rapidly in recent weeks, especially on eating out and travel, giving a boost to an economic recovery that’s become increasingly reliant on local demand.
High-frequency indicators of spending in some sectors have shown double-digit growth from a year ago, while leading travel companies and retailers have reported a strong increase in sales so far this year.