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Weaker China consumer spending seen as income gains moderate

Data shows H1 household income growth falling; govt may step in to curb pay rises to keep factories competitive

Sales at the nation's top 100 retailers fell 3.2 per cent in the first half versus a year earlier, the government-backed National Commercial Information Center said on Monday.


CHINESE consumers, whose spending helped underpin the nation's first-half expansion this year, may not be able to deliver a repeat performance in the second as income growth slows.

Household income growth slumped to 6.5 per cent in the first six months from 7.6 per cent a...