Comment on Chinese shoppers are buying less than they used to — but they're spending on experiences

Chinese shoppers are buying less than they used to — but they're spending on experiences

People in a pedestrian shopping street in Beijing, China.Kevin Frayer/Getty ImagesChina's economy shows uneven recovery; industrial output rises, but retail sales slow.Factory activity beat expectations, but consumers are holding back, impacting retail sales growth.The property crisis is worsening, with new home prices falling at the fastest pace in over nine years.On Friday, China released data showing an uneven economic recovery that's keeping consumers from spending.Factory activity cracked up, with industrial output rising 6.7% in April from a year ago, beating the 5.5% growth that analysts polled by Reuters had expected.The employment landscape improved.

 

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