A key drag on the Chinese economy has been waning domestic consumption
BEIJING – Shopping online, skipping meals out and a general sense that decades of double-digit growth are very much a thing of the past – Beijingers told AFP they were feeling the pinch as the economy slowed.
But on the streets of Beijing, passersby said they were not expecting growth to bounce back anytime soon. Yu told AFP the economic malaise felt even worse than it did during the Covid-19, when crippling state-enforced lockdown stalled productivity. "That's the general impression that I and all my friends have," he said.Data on Monday showed retail sales had slumped again last month to just 2 per cent – down from 3.7 in May."Two years ago, we used to go out for hotpot in restaurants. But now, to save a bit, we're cooking at home instead," Zhao told AFP.
China Economic Data China Domestic Consumption Chinese Economy
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
China keeps lending rate unchanged as data show housing market is still strugglingChina keeps lending rate unchanged as data show housing market is still struggling
مزید پڑھ »
China’s communist party to address country’s challenges at upcoming meetingChina’s ruling Communist Party is beginning a four-day meeting on Monday to outline a strategy for achieving self-sufficient economic
مزید پڑھ »
China’s communist party to address country’s challenges at upcoming meetingChina’s ruling Communist Party is beginning a four-day meeting on Monday to outline a strategy for achieving self-sufficient economic
مزید پڑھ »
Cash-strapped Sri Lanka set to sign key debt deals with lendersSri Lanka debt deals finalized with China and other lenders to meet IMF bailout conditions, crucial for the country's economic rec...
مزید پڑھ »
It won't be last IMF programme, if tax collection isn't improved: AurangzebSays he empathises with the pain people will feel because of the budget
مزید پڑھ »
China hits back at NATO's 'smears and attacks' ahead of summitChina NATO tension escalates as China hits back at NATO's accusations of supporting Russia. Ahead of the summit, China criticizes...
مزید پڑھ »