Sep
02
China’s Consumers Are On Point to Defend Economy From Trump
By-
Trade war adds to worsening economic mood amid soaring rents
- Economists see smaller cities as brighter; broad trend intact
Determining the true mood of the Chinese consumer has rarely been so important.
Life for many in megacities like Beijing is getting harder this year, with soaring rents gnawing at disposable incomes. As Donald Trump’s trade war with China begins to threaten the economy in earnest, with tariffs on another $200 billion of goods potentially arriving this week, the resilience of the economy will depend to a large extent on the confidence, or otherwise, of shoppers…
China’s Consumers Are On Point to Defend Economy From Trump
