China’s Retail Recovery Still Rests on Richer Consumers
Customers line up at a fashion accessories store at a shopping mall in Hong Kong, China. (Photographer: Paul Yeung/Bloomberg)

China’s Retail Recovery Still Rests on Richer Consumers

(Bloomberg) -- Chinese consumers are finally starting to spend again after the pandemic-induced slump, but the recovery is unbalanced and overly reliant on luxury goods, with poorer Chinese still c...
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