Consumer confidence in China continued to improve in August, as evidenced by increased spending on cars and eating out. Photo: EPA-EFE
Consumer confidence in China continued to improve in August, as evidenced by increased spending on cars and eating out. Photo: EPA-EFE

China’s economic recovery continued in August, but analysts warn of ‘pent-up demand’ running out of steam

  • Consumer confidence is climbing as retail sector shows first growth of year
  • Industrial production remains one of the main drivers of China’s economic recovery following its coronavirus lockdown measures

Consumer confidence in China continued to improve in August, as evidenced by increased spending on cars and eating out. Photo: EPA-EFE
Consumer confidence in China continued to improve in August, as evidenced by increased spending on cars and eating out. Photo: EPA-EFE
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