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Economy

China's economy leans on exports as consumer spending slows

Weak real estate market hurts consumption while US trade frictions mount

Chinese exports are increasingly vital to supporting the nation's economy.   © Reuters

BEIJING -- Slowing personal consumption in China during recent months leaves the nation's economy reliant on exports, a worrying prospect as trade frictions with the U.S. heat up.

China's retail sales of consumer goods rose 9.7% on the year in the January-February period, figures published Wednesday show. Coming on the heels of a 9.4% increase in December, sales growth remained in the single digits in consecutive reporting periods for the first time in about 15 years.

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