Uneven spending over Golden Week holidays signals consumer caution

20251008N Shopper in Shanghai

International Monetary Fund chief Kristalina Georgieva has urged China to boost consumer spending.  © Reuters

CK TAN

October 8, 2025 23:35 JST

TOKYO — The International Monetary Fund on Wednesday urged China to boost private consumption amid rising household savings, while warning that the full impact of tariffs has yet to be felt.