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Chinese households hit the consumption brakes

July 5, 2022 - 09:30 -- Admin

Goldman reports that Chinese household consumption slowed in Q1, and will very likely slow further in Q2. Given OMICRON is likely to rebound, and property sales will come off again, China’s economy is facing growing headwinds: Sluggish consumption growth in Q1 and further weakening in Q2 According to the NBS household surveys, household consumption per

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