The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
China Consumption Story—Quarterly Update: Q2 2019
  • Authors:

    Siqi Zhou

  • Publication Date:
    September 2019

In Q2 2019, most indicators pointed toward increasing pressure on consumption growth. Retail sales growth strengthened, but the recovery is unlikely to last. Although consumer sentiment remains strong, downward pressure in the labor market will continue to put pressure on incomes and, in turn, consumption. Consumers were cautious about borrowing. Low growth in property prices, weak property sales volumes, low growth in household loans, and a high debt service ratio combined to squeeze wealth-effect driven purchasing. We expect China’s consumption in the next quarter will continue to weaken.


OTHER RELATED CONTENT

RESEARCH & INSIGHTS

Global Consumer Confidence Report: Q4 2019

Global Consumer Confidence Report: Q4 2019

January 16, 2020 | Publication

More pro-growth policy measures expected in early 2020

More pro-growth policy measures expected in early 2020

January 03, 2020 | China Center Publications

The Conference Board Economics Watch<sup>®</sup> United States View

The Conference Board Economics Watch® United States View

December 18, 2019 | Economics Watch Reports

WEBCASTS

Economy Watch

Economy Watch

April 08, 2020

Economy Watch

Economy Watch

July 08, 2020

Economy Watch

Economy Watch

August 12, 2020

Economy Watch

Economy Watch

September 09, 2020

COUNCILS

BLOGS

PRESS RELEASES & IN THE NEWS