People walk past a store on Nanjing Road in Shanghai, on June 6. China’s retail sales growth slowed to 12.4 per cent year on year in May, from 17.7 per cent in April. Photo: Bloomberg
People walk past a store on Nanjing Road in Shanghai, on June 6. China’s retail sales growth slowed to 12.4 per cent year on year in May, from 17.7 per cent in April. Photo: Bloomberg
David Brown
Opinion

Opinion

Macroscope by David Brown

Why US and Chinese consumer optimism is key to global post-pandemic recovery

  • Despite their differences, both the US and China will be relying on consumer-led recovery to forge stronger growth in the next few years
  • Keeping consumers upbeat is vital, and a return to austerity should be avoided at all costs

People walk past a store on Nanjing Road in Shanghai, on June 6. China’s retail sales growth slowed to 12.4 per cent year on year in May, from 17.7 per cent in April. Photo: Bloomberg
People walk past a store on Nanjing Road in Shanghai, on June 6. China’s retail sales growth slowed to 12.4 per cent year on year in May, from 17.7 per cent in April. Photo: Bloomberg
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