New surveys showing weak consumer sentiment has cast doubt over a second quarter economic rebound in China. Photo: EPA-EFE
Coronavirus: Chinese consumers less willing to splurge, casting shadow over second quarter rebound
- Chinese consumers were less willing to spend money in May than March, when large parts of the country were still under coronavirus lockdown, a new survey shows
- The weak consumer sentiment has cast doubt over second quarter growth, which some economists expect to turn positive
Follow your favourite topic and get notified
New surveys showing weak consumer sentiment has cast doubt over a second quarter economic rebound in China. Photo: EPA-EFE