Saturday , May 30 2020
Home / South China Morning Post / Beijing stresses positives after car and appliance sales raise hopes for coronavirus rebound

Beijing stresses positives after car and appliance sales raise hopes for coronavirus rebound

Summary:
[unable to retrieve full-text content]The China government continued to push its optimistic view of economic recovery on Friday, saying consumer spending on durables such as cars and home appliances received a significant boost during the recent Labour Day holiday.But economists warned that the pace of the economic rebound remained modest, with the grim outlook for the global economy and mounting stress of domestic job losses and income cuts continuing to hold back spending by the nation’s more than one billion consumers.Consumer…

Topics:
Orange Wang considers the following as important:

This could be interesting, too:

Tyler Durden writes Hong Kongers Scramble To Swap Their Currency For US Dollars As ‘Special Status’ Threatened

Mike Shedlock writes Protesters Attack CNN, Smash Cars in Atlanta and LA

Tyler Durden writes NYPD Precint Attacked, “Officers Down” As Rioters Storm CNN HQ In Atlanta During Second Night Of Nationwide Protests

Tyler Durden writes Three Ways Lockdowns Are Costing Human Lives

[unable to retrieve full-text content]
The China government continued to push its optimistic view of economic recovery on Friday, saying consumer spending on durables such as cars and home appliances received a significant boost during the recent Labour Day holiday.But economists warned that the pace of the economic rebound remained modest, with the grim outlook for the global economy and mounting stress of domestic job losses and income cuts continuing to hold back spending by the nation’s more than one billion consumers.Consumer…

Leave a Reply

Your email address will not be published.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