The mood turns dark in China as the economy sinks
China’s citizens are used to an economy that keeps on growing and living standards that rose with it. Now they’re losing hope as they see their personal fortunes shrink.
Source: smh.com.au
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'I can't see any way to make money': The mood turns dark in China as the economy sinks
China’s citizens are used to an economy that keeps on growing and living standards that rose with it. Now they’re losing hope as they see their personal fortunes shrink.
Source: watoday.com.au
As China Falls Into Deflation, the Mood Turns Dark
When their government abruptly ended its harsh Covid measures in December, many Chinese expected a robust rebound from pent-up demand.
Source: dnyuz.com
Chinese Confidence Hits Low Point Because of Nation's Economic Troubles
Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.
Source: nytimes.com