Weak retail sales and spending-averse households are pushing China toward targeted stimulus — including offering digital-yuan incentives — but the results have been mixed
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China’s consumer economy is flashing warning signs again — and, this time, policymakers are finding that familiar stimulus tools are losing their punch.
Retail sales grew just 1.3% in November from a year earlier, according to official data released Monday, marking one of the weakest readings outside the pandemic period and extending a months-long slowdown in household spending.