Tag: Consumer Spending

China’s consumers face spending dilemma

by Gordon Watts

Everyone is expecting them to step off the money-go-round and spend their hard-earned cash. But Chinese consumers appear more interested in saving their salaries than saving the world’s second-largest economy from stagnating growth. Instead of splashing out on branded retail items, they are tightening their belts amid concerns that a Covid-19 second wave could be […]