Larger-than-life roses are on display in Nanjing, Jiangsu province of China, on Aug. 21, 2023, one day before the Qixi Festival.
Vcg | Visual China Group | Getty ImagesBEIJING — Consumer spending bounced back in August after a tepid July, according to the China Beige Book's survey of Chinese businesses released Thursday.
That's based on a survey conducted Aug. 17 to 25 of 1,300 businesses, the majority of which were not state owned.
The China Beige Book survey also found that corporate borrowing surged as cost of capital declined.
Another business survey released in mid-August, the CKGSB Business Conditions Index, reported a 50.9 print for July, a touch above the 50.02 figure recorded for June.
Persons:
That's, Nomura
Organizations:
Visual China, Getty, Consumer, National Bureau of Statistics, Services, JL Warren Capital, Louis Vuitton, National Bureau, Statistics
Locations:
Nanjing, Jiangsu, China, BEIJING