Chinese shoppers are buying less than they used to — but they're spending on experiences

• China's economy shows an uneven recovery; industrial output has risen, but retail sales have slowed.
• Factory activity beat expectations, but consumers are holding back, impacting retail-sales growth.
• The property crisis is worsening, with new-home prices falling at the fastest pace in over nine years.

On Friday, China released data showing an uneven economic recovery that's keeping consumers from spending.