Monday , June 1 2020
Home / South China Morning Post / Coronavirus: China’s economy unlikely to be saved by ‘revenge spending’ as worried consumers emerge from lockdowns

Coronavirus: China’s economy unlikely to be saved by ‘revenge spending’ as worried consumers emerge from lockdowns

Summary:
[unable to retrieve full-text content]The idea that consumers in China will engage in lavish, pent-up “revenge spending” following the end of domestic coronavirus lockdowns to create a quick rebound in the world’s second largest economy is unlikely to be realised by its middle-class.Chinese social media users have coined the phrase as China emerges from almost two months of lockdowns aimed at halting the spread of the virus.But with the result also pushing China towards its first economic contraction since 1976, the year former…

Topics:
He Huifeng considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes V or L In The Mechanics of PMI’s

Calculated Risk writes June 1 COVID-19 Test Results: Progress on Percent Positive

Kathy Lien writes AUD Climbs to 3 Month Highs Ahead of RBA – What to Expect

Jeffrey P. Snider writes Forget the PMI’s, Understand Xi Jinping’s Inner Mongolian

[unable to retrieve full-text content]
The idea that consumers in China will engage in lavish, pent-up “revenge spending” following the end of domestic coronavirus lockdowns to create a quick rebound in the world’s second largest economy is unlikely to be realised by its middle-class.Chinese social media users have coined the phrase as China emerges from almost two months of lockdowns aimed at halting the spread of the virus.But with the result also pushing China towards its first economic contraction since 1976, the year former…

Leave a Reply

Your email address will not be published. Required fields are marked *