BBCNEWS Asia Business Report June 4, 2024 23:39:00
On consumption to drive gdp growth this year. for the time being, we continue to see the younger generation spending but as opposed to the trend of spending up, there are increasing signs of trading down by our young consumers. so, i think this certainly would have some negative implications on long—term consumption outlook for china and chinese authorities are paying close attention during a meeting last friday, we heard news of the authorities trying to boost employment of the younger demographics by their own advices. so hopefully that development with improve our overall consumption outl...