World feels it when spending habits of 500 million Chinese change​

World feels it when spending habits of 500 million Chinese change​

China’s economic rocket ride appears to be ending – or slowing, at least. Growth has declined from 8.4% in 2021 to 4.5% today, youth unemployment has climbed to 16.9%, and cities are filled with unfinished buildings after the collapse of property developer Evergrande in 2024. For a while now, a phrase has been buzzing on
The post World feels it when spending habits of 500 million Chinese change appeared first on Asia Times.

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