China, long considered the engine of the global economy, is now experiencing a decline in consumer confidence and spending cuts.The problems of the real estate market, the weakness of the labor market and the fall in stock prices exacerbate the situation, reducing household well-being and leading to a decrease in confidence in the economy. As a result, the trend towards reducing consumer spending is strengthening, which is especially alarming, since China's economic growth is increasingly depend... Read More
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