August 30, 2023

BEIJING — Consumer spending bounced back in August after a tepid July, according to the China Beige Book’s survey of Chinese businesses released Thursday.

All five categories — apparel, automotive, food, furniture and appliances and luxury — saw a marked increase in sales this month, versus July, the report said.

That’s based on a survey conducted Aug. 17 to 25 of 1,300 businesses, the majority of which were not state owned.

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https://www.cnbc.com/2023/08/30/consumer-spending-in-china-bounced-back-in-august-survey-finds.html