Bloomberg – Chinese Shoppers Are Flush With Hidden Income and Ready to Spend

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.’

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