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China’s Consumers Extend Economic Rebound From Pandemic
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SINGAPORE—A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are heading back to stores and restaurants, powering an economic recovery following the end of almost three years of strict Covid-19 controls.
The reading represents a promising signal for the global economy, which depends on Chinese consumers to prop up growth this year as their counterparts in the U.S. and Europe battle rising interest rates, high inflation and the prospect of a squeeze on lending following turmoil in the banking sector.
Read more on wsj.comAbout this in other media
China’s Consumers Extend Economic Rebound From Pandemic wsj.com /1 year ago
China’s Consumers Extend Economic Rebound From Pandemic wsj.com /1 year ago
China’s Consumers Extend Economic Rebound From Pandemic wsj.com /1 year ago
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