China Retail Spending Shows Signs of Recovery
June 17, 2024
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11:45Now PlayingChina Retail Spending Shows Signs of Recovery
YouTube Description
as posted by the channelChina's retail sales data in May beat expectations, but BofA Global Research Chief Greater China Economist Helen Qiao says consumer confidence remains weak due to concerns about future income prospects. Jessica Gleeson, a former China executive who now runs her own retail consultancy, shares her observations in Shanghai, saying Chinese consumers are now focusing on health and wellness. They discuss the outlook for Chinese consumption on "Bloomberg: The China Show".
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