Tokyo | Consumer spending growth in China has picked up pace, providing some relief to a government looking to cushion the impact of Donald Trump’s tariffs while grappling with double-digit youth unemployment and the fallout from a property collapse.
Data released by the National Bureau of Statistics on Monday showed retail sales rose 4 per cent in the January-February period, better than a 3.7 per cent rise in December.
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Jessica Sier is the North Asia Correspondent for The Australian Financial Review. She is based in Tokyo, Japan. Jessica has previously written on technology, global capital markets and economics. Connect with Jessica on Twitter. Email Jessica at jessica.sier@afr.com
