China’s once free-spending consumers are holding back, hitting luxury brands particularly hard. But this doesn’t mean people in China don’t have money. They just now prefer saving it. According to official data…
Tag: Beijing
Beijing is making moves to restore confidence in its battered stock markets, but there might be another big problem just ahead
Chinese authorities are making moves to restore confidence in its battered stock markets. However, the upcoming company earnings season may present ugly headwinds for the markets. China’s economy has been struggling to…