Chinese residents wearing raincoats and enjoying hotpot as thousands of people gather at a hotpot festival in southwest China’s Chongqing municipality on Oct. 31, 2009.STR | Afp | Getty ImagesSigns of recovery may be emerging in China’s luxury and consumer discretionary goods sectors, said an analyst from Bank of America, even as China released data showing consumer inflation at an 18-month low.”In terms of luxury high-end [consumption] — we’re seeing quite strong recovery,” said the bank’s chief China equity strategist Winnie Wu. “On the lower end, the bubble tea, the Shabu Shabu, those hotpots — we’re seeing good recovery.”related investing news 15 hours agoChinese hotpot chain Haidilao recorded a nearly 80% jump in revenue for the year ended Dec. 31, 2022 compared to the year before.China’s luxury market fell 10% in 2022, declining for the first time in five year …
