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PBOC finds consumer mood is turning darker even as economy grows

Chinese households increasingly pessimistic about jobs, income and prices despite economy growing faster than government targets, central bank survey reveals.

PBOC finds consumer mood is turning darker even as economy grows
Pop Mart’s flagship storefront glows over Nanjing East Road in central Shanghai on July 16, 2025. Despite China’s stronger-than-expected GDP growth, central bank survey shows rising consumer pessimism around jobs, income, and spending. Image: Getty

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