The article discusses how the Chinese economy is recovering and this is good news for U.S. businesses as Domestic Consumers Pull back their spending. Many U.S. companies are reporting that demand in China is returning, boosting their sales at a time when many U.S. consumers are pulling back their spending. However, the recovery hasn't been as swift or dramatic as many investors hoped. Most companies are still waiting to surpass pre-pandemic sales in China. The travel retail segment is taking even longer to bounce back.

The post China’s recovery lifts U.S. companies’ sales as domestic Consumers Pull back spending appeared first on Balanced News Summary.