Both the Shanghai and Shenzhen composite indices had risen 12 per cent and 32 per cent this year before falling by 7 per cent and 8 per cent respectively this week. Photo: ReutersBoth the Shanghai and Shenzhen composite indices had risen 12 per cent and 32 per cent this year before falling by 7 per cent and 8 per cent respectively this week. Photo: Reuters
Both the Shanghai and Shenzhen composite indices had risen 12 per cent and 32 per cent this year before falling by 7 per cent and 8 per cent respectively this week. Photo: Reuters

Could China’s stock market rally, direct subsidies help boost sluggish consumer spending?

  • China’s overall economy grew by 3.2 per cent in the second quarter of 2020, bouncing back from a 6.8 per cent contraction in the first three months of the year
  • But total per capita disposable income dropped 1.3 per cent from a year earlier, while real per capita consumer spending fell 9.3 per cent in the first six months

Topic |   China economy
Both the Shanghai and Shenzhen composite indices had risen 12 per cent and 32 per cent this year before falling by 7 per cent and 8 per cent respectively this week. Photo: ReutersBoth the Shanghai and Shenzhen composite indices had risen 12 per cent and 32 per cent this year before falling by 7 per cent and 8 per cent respectively this week. Photo: Reuters
Both the Shanghai and Shenzhen composite indices had risen 12 per cent and 32 per cent this year before falling by 7 per cent and 8 per cent respectively this week. Photo: Reuters
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