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Tag: Weak domestic consumption

CHENGDU, CHINA - JUNE 18: A jewelry vendor is seen on West Yulin Road on June 18, 2020 in central Chengdu, China. Street vendors in the tourism city Chengdu are mentioned by Chinese Premier Li Keqiang during COVID-19 as an example of economic recovery.
Decrease In Consumer Spending Threatens China’s Economy
Weak domestic consumption — largely attributed to the impact of the COVID-19 virus — is having devastating...