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World feels it when spending habits of 500 million Chinese change

Summary by Asia Times

China’s economic rocket ride appears to be ending – or slowing, at least. Growth has declined from 8.4% in 2021 to 4.5% today, youth unemployment has climbed to 16.9%, and cities are filled with unfinished buildings after the collapse of property developer Evergrande in 2024. For a while now, a phrase has been buzzing on […] The post World feels it when spending habits of 500 million Chinese change appeared first on Asia Times.

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Asia Times

Lean Left

World feels it when spending habits of 500 million Chinese change

9 days ago·Hong Kong

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interest.co.nz

A new economic identity appears to be emerging in China

Living in ‘garbage time’: When 500 million Chinese change their spending habits, the world feels it, Christian Yao says

8 days ago

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Macau Business

Standard Chartered lifts China's 2025 growth outlook to 4.8%.

Standard Chartered has raised its 2025 GDP growth forecast for China to 4.8%, up from 4.5%, pointing to stronger industrial output, retail sales, and a rebound in manufacturing activity in early 2024. The upgrade follows China’s better-than-expected economic performance in January-February, coupled with an expansionary March Purchasing Managers’ Index (PMI). The bank estimates China’s Q1 2024 GDP growth at 5.2% year-on-year, a slight moderation…

9 days ago

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