China's cautious consumers offer clues for post-pandemic world

Consumers in China remain cautious even though the covid-19 outbreak has been under control for much of the past year. That's offering clues for the kind of spending patterns that emerge globally once pent-up up demand fades.

While China didn't pump up consumers with stimulus checks, its aggressive control over the virus allowed the economy to quickly reopen and drive real household income growth to 13.7% in the first quarter of this year...

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