Description
China's household consumption expenditure is released by the National Bureau of Statistics of China (NBS). This indicator measures the total value of all goods and services consumed by households during a specific period. This includes expenditures on items such as food, clothing, housing, transportation, health care, and education. It is an important indicator of consumer spending and economic health. . Higher numbers typically indicate strong consumer confidence and economic growth, while lower numbers may indicate a recession or reduced consumer spending.