Private consumption, which accounted for more than 60 per cent of Chinese growth in the first three quarters of 2019, has been under constant pressure during the 18-month-long trade war. Photo: EPA Private consumption, which accounted for more than 60 per cent of Chinese growth in the first three quarters of 2019, has been under constant pressure during the 18-month-long trade war. Photo: EPA
Private consumption, which accounted for more than 60 per cent of Chinese growth in the first three quarters of 2019, has been under constant pressure during the 18-month-long trade war. Photo: EPA

China’s consumer spending on services and in smaller cities to pace growth, e-commerce giant JD.com says

  • Consumers in smaller cities spend most of their income on essential items, leaving room for increases in discretionary spending if incomes rise
  • Consumption contributed to more than 60 per cent of Chinese growth in the first three quarters of 2019, but has been under pressure during the trade war

Topic |   US-listed Chinese stocks
Private consumption, which accounted for more than 60 per cent of Chinese growth in the first three quarters of 2019, has been under constant pressure during the 18-month-long trade war. Photo: EPA Private consumption, which accounted for more than 60 per cent of Chinese growth in the first three quarters of 2019, has been under constant pressure during the 18-month-long trade war. Photo: EPA
Private consumption, which accounted for more than 60 per cent of Chinese growth in the first three quarters of 2019, has been under constant pressure during the 18-month-long trade war. Photo: EPA
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