The recovery in Chinese consumer spending remains weak and uneven, mainly led by high-end consumption. Photo: EPA-EFE The recovery in Chinese consumer spending remains weak and uneven, mainly led by high-end consumption. Photo: EPA-EFE
The recovery in Chinese consumer spending remains weak and uneven, mainly led by high-end consumption. Photo: EPA-EFE

China’s retail sales rebound, but a shift in consumer habits makes the economic outlook fuzzy

  • Recovery in Chinese consumer spending remains weak and has been led mainly by high-end consumption, leading analysts to wonder if the momentum is sustainable in the fourth quarter
  • Uneven purchasing patterns and a drop in spending compared with income levels in the third quarter show China ‘has a ways to go to return to normalcy’

Topic |   Coronavirus pandemic
The recovery in Chinese consumer spending remains weak and uneven, mainly led by high-end consumption. Photo: EPA-EFE The recovery in Chinese consumer spending remains weak and uneven, mainly led by high-end consumption. Photo: EPA-EFE
The recovery in Chinese consumer spending remains weak and uneven, mainly led by high-end consumption. Photo: EPA-EFE
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