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Chinese consumer companies signal spending is picking up again [MSNBC.com]

JD.com, Inc. - American Depositary Shares (JD) More Company Research Source: MSNBC.com

Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am Check Earnings Report

US:NASDAQ Investor Relations: ir.jd.com

Shoppers line up to shop at a Laopu Gold outlet in Deji Plaza in Nanjing, China, on Feb. 21, 2025.Fang Dongxu | Feature China | Future Publishing | Getty ImagesBEIJING — Chinese companies' latest earnings reports point to an improvement in consumer spending, though it's not necessarily back to pre-pandemic levels.E-commerce giantsAlibabaJD.com"We think consumption growth is in a period of healthy recovery, but not [yet reaching] the high previously," Charlie Chen, managing director and head of Asia research at China Renaissance Securities, said Wednesday in Mandarin, translated by CNBC.For consumer spending to return to pre-pandemic growth, Chinese companies' revenue growth likely needs to recover by double digits and consumer confidence needs to improve, Chen said. He noted that the recentreal estate slumpChinese policymakers have emphasized thatboosting consumptionexpanded a trade-in subsidy programhalt in the market declinewatch nowVIDEO2:0502:05Chinese firms have a unique angle a [Read more]

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