China’s state planner expects consumption growth to recover as…

BEIJING (Reuters) – China’s consumer spending growth may recover as one-off and seasonal issues recede, a senior Chinese state planner official said on Thursday.

Liu Yunan, a senior official at the National Development and Reform Commission (NDRC), told reporters at a regular briefing he believes China’s consumer growth is still “reasonable” despite slower growth reflected in official consumer spending data.

Liu noted consumption data doesn’t fully reflect services spending.

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