Chinese shoppers are buying less than they used to — but they're spending on experiences
Recent data suggests Chinese consumers are holding back.
Kevin Frayer/Getty Images
- China's economy shows an uneven recovery; industrial output has risen, but retail sales have slowed.
- Factory activity beat expectations, but consumers are holding back, impacting retail-sales growth.
- The property crisis is worsening, with new-home prices falling at the fastest pace in over nine years.
On Friday, China released data showing an uneven economic recovery that's keeping consumers from spending.
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