Consumers shop in Haikou, Hainan province. Consumer spending is key to China's growth strategy. Photo: Chinanews.com

China’s powerful stock rally has a remarkably important driver of momentum behind it: the nation’s 1.4 billion consumers. After a lackluster start, households are finally getting on board the post-Covid-19 reopening trade – and doing so en masse. In March alone, retail sales jumped 10.6% year on year. According to the National Bureau of Statistics, […]

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