China’s retail sales fell by 11.1 per cent in April from a year earlier due to cross-country restrictions that have also continued to hit consumption, with the reading the lowest since the 15.8 per cent drop seen in March 2020. Photo: Bloomberg
China’s retail sales fell by 11.1 per cent in April from a year earlier due to cross-country restrictions that have also continued to hit consumption, with the reading the lowest since the 15.8 per cent drop seen in March 2020. Photo: Bloomberg

China’s consumer sentiment hits record low, pessimistic outlook adds to calls for consumption stimulus policy

  • China’s consumer confidence index slumped to 86.7 in April from 113.2 in March, hitting the weakest level since the data was first available in 1991
  • Premier Li Keqiang last week poured cold water on growing calls for Beijing to issue direct payments to stimulate domestic consumer demand, as seen in the US

China’s retail sales fell by 11.1 per cent in April from a year earlier due to cross-country restrictions that have also continued to hit consumption, with the reading the lowest since the 15.8 per cent drop seen in March 2020. Photo: Bloomberg
China’s retail sales fell by 11.1 per cent in April from a year earlier due to cross-country restrictions that have also continued to hit consumption, with the reading the lowest since the 15.8 per cent drop seen in March 2020. Photo: Bloomberg
READ FULL ARTICLE