Consumer spending in China bounced back in August, survey finds
Publishing timestamp: 2023-08-30 18:00:02
Summary
Consumer spending in China bounced back in August, with all categories seeing increased sales. However, the property sector continued to worsen, with house prices barely growing and home sales falling dramatically. The survey also found that corporate borrowing surged while credit demand from households and businesses slumped in July.
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Source: https://www.cnbc.com/2023/08/30/consumer-spending-in-china-bounced-back-in-august-survey-finds.html