China's Economy Faces Deepening Crisis As Weak Consumer Spending, Rising Debt And Export Dependence Hit Growth
London, Oct 28: Weak domestic demand has emerged as the main factor behind the slowdown in the Chinese economy and with people losing jobs amid the collapse of the country’s real estate sector, this problem has only become worse. Chinese people aren’t spending enough money. China today has the lowest consumption rate of any major economy in the world. Consumption makes up just about 56 per cent…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
