Today news
About the same in other media
China Consumer Spending Slumps Under Covid and Property Restrictions
Reading now: 855
HONG KONG—Chinese consumer spending is buckling under the country’s dual campaigns against rising property prices and Covid-19 outbreaks, flashing a warning for global companies that have pinned their hopes on a more free-spending Chinese customer.
Retail sales unexpectedly dropped last month and are expected to continue to struggle as Chinese authorities launch wide-ranging lockdowns to contain the latest fastest-spreading Covid outbreaks, and as easing measures do little to reverse a worsening property market meltdown.
Read more on wsj.comAbout this in other media
China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread wsj.com /1 year ago
U.S. Not Seeking Decoupling From China, Commerce Chief Says wsj.com /1 year ago
China Recovery Set Back by Record Covid Outbreak as Lockdowns Spread wsj.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
