Slowing retail sales does not mean lack of recovery for the Chinese economy, a JP Morgan strategist believes, adding that the consumer sector may bounce back in the coming months.
Chinese consumers “are still in reasonably good shape,” Tai Hui, Asia chief market strategist at JP Morgan Asset Management, told CNBC on Friday. The analyst noted that consumer sentiment could have been affected by the recent coronavirus outbreak in Beijing, but it is not going to impede further recovery.
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