July 20, 2025 08:03 PM GMT China Consumer Pulse | Asia Pacific AlphaWise Consumer Pulse Survey Jul-25 Our survey, conducted July 14-16, shows continued lackluster consumer appetite, despite a modest recovery from tariff shocks in April. A deepening deflation feedback loop on wage growth and a softening property market remain key drags to consumption. M Household concerns about job and income growth deepened in 2Q: While household expectations on economic growth eased somewhat from the tariff- induced 1Q plu ...