China's economy shrank for the first time in decades the first quarter as the coronavirus paralysed the country. Photo: AFP

Coronavirus: Chinese consumer sentiment still reeling from pandemic, hitting hopes of ‘revenge shopping’

  • More than half of Chinese households plan to increase savings and cut back on spending following the Covid-19 pandemic, a new survey shows
  • Results show that consumer sentiment is still recovering from crisis and quash hopes of a quick rebound in the world’s second largest economy
Topic |   Coronavirus pandemic
China's economy shrank for the first time in decades the first quarter as the coronavirus paralysed the country. Photo: AFP
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