Chinese consumers aren't buying enough stuff, and it's taking a toll on the economy

• China's economy grew 4.7% in Q2, missing the 5.1% growth forecast by analysts.
• June data showed exports were strong, but domestic consumption was weak with retail sales growth of just 2%.
• China's disposable income grew in the second quarter of this year, but consumers are reluctant to spend.

China's belt-tightening consumers are dragging on the country's economy even as external demand supports exports, official data released on Monday shows.