China consumption beats expectations, buoyed by trade-in subsidies

asia.nikkei.com/Economy/China-consumption-beats-expectations-buoyed-by-trade-in-subsidies

TOKYO -- China's retail sales expanded more than expected in May, boosted by subsidies encouraging consumers to replace certain goods and an early start to the "618" online shopping festival.
The gauge of household spending rose 6.4% last month, the fastest pace since December 2023,…

This story appeared on asia.nikkei.com, 2025-06-16 00:00:00.
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