Retail sales paint a mixed picture of China’s consumers
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Consumers are spending more on low-cost, discretionary goods.
That’s our main takeaway from May’s retail data, released by the stats bureau (NBS) on Monday.
ICYDK, retail sales increased 3.7% y/y, up from 2.3% growth in April.
The main takeaways:
The State Council’s trade-in scheme for home applia...