Consumer Spending in China Remains Subdued, According to Companies

China has yet to see a strong rebound in consumer spending, according to major companies.

Consumer spending is recovering in an imbalanced way, which means it will likely take until the second half of the year for the speed of recovery to improve, Lei Xu, CEO and executive director of e-commerce giant JD.com
, said in an earnings call Thursday.

He said it will take time for the government’s stimulus measures to show up in consumers’ income and confidence.

Source : Consumer Spending in China Remains Subdued, According to Companies