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In China, Fewer Are Willing to Splurge as Economic Worries Mount
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HONG KONG—More than two years into the pandemic, China has a problem that would seem very unfamiliar in the U.S. It can’t convince its people to spend more money.
From canceled vacation trips to cutting back on dining out, Chinese consumers have remained cautious, refusing to spend like Westerners during the Covid-19 era.
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