China consumer confidence gets boost as economy recovers

Updated: Apr 13, 2023 By Yang Yang Print
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As China's economy recovers, Chinese consumers grow more willing to spend. Retail sales for consumer goods went up in Jan-Feb this year and sales revenue of consumption-related industries rose 12.2 percent year-on-year during the 2023 Spring Festival.

These figures indicate a good start for the consumer economy in 2023, and a greater share of consumption in economic growth.

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