China Economics

China Chart Book

26 October, 2017

Consumers remain upbeat

The latest data on retail sales during China’s National Day “Golden Week” period suggest that consumer demand remains strong. Despite a further increase in overseas tourism during the holiday, domestic spending was 10.3% higher than last year, only fractionally smaller than the increases in 2016 and 2015. This shouldn’t be surprising. After all, China’s labour market looks healthy. The ratio of job openings to job seekers is close to a record high. Consumer confidence has risen steadily

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