Incentives for Chinese car buyers were welcomed by the industry, but a report suggests sales have lost momentum. Photo: AFP

China’s consumer spending expected to weaken further this year as result of escalating US trade war tensions

  • Job and income growth uncertainty means consumers remain cautious about spending
  • Retail sales growth for July predicted to slow as effect of cars sales incentives wear off
Topic |   China economy

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Incentives for Chinese car buyers were welcomed by the industry, but a report suggests sales have lost momentum. Photo: AFP
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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.