China's consumption recovery off to a strong start in 2023: Fitch


China's offline consumer service sectors, including tourism, movies and catering, that were hit severely by the Covid-19 epidemic, saw a strong rebound in demand during the Spring Festival holiday. - AFP

BEIJING (Xinhua): China's consumption sector posted a strong recovery in early 2023, with the high-end and mid to high-end discretionary service sectors performing impressively, according to a report from Fitch Ratings.

China's offline consumer service sectors, including tourism, movies and catering, that were hit severely by the Covid-19 epidemic, saw a strong rebound in demand during the Spring Festival holiday, it said.

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