Economics
Chinese Buy Up Real Estate But Hold Off on Dining Out, Gambling
- Retailing in July disappoints, shrinking 1.1% from last year
- Regular Bloomberg consumer tracker looks across the economy
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Chinese households are putting more of their savings into property but still holding back on discretionary spending, as a slow and fragile economic recovery keeps confidence in check.
That is the insight from the latest data ranging from property spending to dining out, gambling to travel, as part of a regular, comprehensive look at the health of the Chinese consumer.