Although total growth is down, Chinese consumer spending shows no sign of abating.
May 23, 2017
‘Chinese consumers may have a lot more cash at their disposal than previously thought — and they’re ready to flash it.
That’s the upshot of two items throwing fresh light on the outlook for consumer spending, a key metric in China’s much-vaunted shift from an investment- and export-led economy to one more based on people buying things like holidays, clothing and cell-phones.’