China Brief: The Truth About Chinese Consumption | Greater China

September 2024 China Brief The Truth About Chinese Consumption Daniel Zipser, Leader, Asia Consumer & Retail Practice Looking back over the past few months since our last China Brief update in April, not much has changed. China's GDP grew at a steady 5 percent during the first half of the year, while retail sales ticked modestly upward by 3.7 percent during this period. We see few signs that this picture of single-digit growth in consumption will change for the foreseeable future. Indeed, some observers are ...