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* China's three-day New Year holiday witnessed warming consumer sentiment and got the economy off to a strong start in 2024.2 (Xinhua) -- From record box office earnings to bustling tourist attractions, China's three-day New Year holiday witnessed warming consumer sentiment and got the economy off to a strong start in 2024.
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China's post-pandemic recovery is threatened by the sluggish real estate sector, which is still responsible for a quarter of the economy's growth.
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For the year ahead, Bain Partner Derek Deng said China’s consumer spending likely wouldn’t even return to 2021 levels due to macroeconomic developments.