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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