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Chinese consumer sentiment rebounds in May

Chinese consumer sentiment rebounded in May with favourable stock market performances boosted consumer sentiment.

The Bankcard Consumption Confidence Index edged up 0.32 points from a month ago to 83.99, China UnionPay said in a report on Tuesday.

Expenditure at restaurants and eateries were up 4.9 percent from a month ago while spending size at department stores and shopping centres rose 13.75 percent.

(Source: Shanghai Daily)