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Analysis: Holiday Data Hint at Chinese Consumer Spending in 2024

2024年02月20日 19:57 来源于 Caixin Global
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Domestic demand proved sturdy during the Lunar New Year, but sluggish home sales pointed to a slow market recovery

China’s domestic demand proved sturdy amid a burst of travel and spending over the Lunar New Year (LNY) holiday. However, the lukewarm real estate market, with sluggish sales of both new and second-hand homes, points to a slow rebound, especially in less prominent cities struggling to attract residents who want to buy property.

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