Summary:
[unable to retrieve full-text content]While trade and investment helped China’s economy return to positive growth in the second quarter, weak income expansion and job worries are still holding back households from spending, with no improvement in sight.In the first half of the year, total per capita disposable income dropped 1.3 per cent from a year earlier after adjusting for inflation, while the income loss for urban residents was higher at 2 per cent, according to official data.Breakdowns of income sources showed that net…
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[unable to retrieve full-text content][unable to retrieve full-text content]While trade and investment helped China’s economy return to positive growth in the second quarter, weak income expansion and job worries are still holding back households from spending, with no improvement in sight.In the first half of the year, total per capita disposable income dropped 1.3 per cent from a year earlier after adjusting for inflation, while the income loss for urban residents was higher at 2 per cent, according to official data.Breakdowns of income sources showed that net…
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Tyler Durden writes Daily Briefing – August 4, 2020
While trade and investment helped China’s economy return to positive growth in the second quarter, weak income expansion and job worries are still holding back households from spending, with no improvement in sight.In the first half of the year, total per capita disposable income dropped 1.3 per cent from a year earlier after adjusting for inflation, while the income loss for urban residents was higher at 2 per cent, according to official data.Breakdowns of income sources showed that net…