Gross domestic product, fixed asset investment and retail sales all improved from the fourth quarter, highlighting improved overall economic sentiment. Photo: Bloomberg

China consumer spending ‘not fully recovered’ from US-China trade war despite improving sentiment

  • Nominal growth rate of household consumption actually slowed further to 7.3 per cent from a year earlier, down from 8.0 per cent in the fourth quarter
  • But gross domestic product, fixed asset investment and retail sales improved from the fourth quarter, highlighting improved sentiment
Topic |   China economy

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Gross domestic product, fixed asset investment and retail sales all improved from the fourth quarter, highlighting improved overall economic sentiment. Photo: Bloomberg
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Karen Yeung

Karen Yeung

Karen Yeung joined the Post in 2017 after more than 15 years' experience on global newswires in Hong Kong and Shanghai. She spent eight years in Shanghai and has received awards for best feature, analysis and agenda-setting.