Skip to content
Sign In Subscribe
Bloomberg — Economy — Chinese Economic Recovery — Economics — Finance — Markets

China’s Consumer Recovery Under Scrutiny as Economy Rebounds

China's economic indicators show continued growth in April, despite high unemployment and uncertainty. Banks raise growth forecasts, but consumer spending remains uncertain.

1 min read
  • China's economy continued to expand in April, with a jump in car and home sales from a year earlier.
  • Comparisons with last year overstate the strength in consumption due to the Shanghai lockdown.
  • Several major banks have raised their growth forecasts for the year to about 6% or higher.
  • South Korea's exports declined 11% YoY in the first 20 days of April, compared with a nearly 18% drop in March.
  • The strength of consumer spending remains uncertain given high unemployment rates and households boosting savings.
China’s Consumer Recovery Under Scrutiny as Economy Rebounds
China’s high frequency indicators show the economy continued to expand in April, although the strength of the recovery is under scrutiny amid an uncertain global environment and relatively high unemployment.
Bloomberg

More in Economy

More from Bloomberg

Latest