Consumer Confidence in China Drops to 88.2 – Lowest Level on Record
The consumer economy in China appears to be experiencing a serious crisis. This is not only a crisis in the housing market but also record-high youth unemployment, indicating a significant slowdown in the growth of new jobs in cities. In such a situation, it is not surprising that the Chinese Communist Party has once again bet on an export-driven economic model.
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The consumer economy in China appears to be experiencing a serious crisis. This is not only a crisis in the housing market but also record-high youth unemployment, indicating a significant slowdown in the growth of new jobs in cities. In such a situation, it is not surprising that the Chinese Communist Party has once again bet on an export-driven economic model.
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