The Chinese consumer hasn’t fully recovered yet, but the market is showing some positive signs, P&G CFO Andre Schulten says on a call with analysts. The consumer products goods company sees heavy discounting and key consumption periods decreasing in the Asian giant, Schulten says. This had a temporary impact on P&G’s 2Q metrics, but it moves the company into a healthier position, CEO Jon Moeller says. The near-term is likely to present some challenges in China, but retail partners remain encouraged about the future of China, Moeller adds. Shares rise 4.4% to $154.31.