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Coronavirus: Chinese consumers less willing to splurge, casting shadow over second quarter rebound

Summary:
[unable to retrieve full-text content]Alex Shi had been eyeing a 400 yuan (US) rice cooker online for weeks, but she eventually abandoned the purchase after considering her cash balance for the rest of the year.Shi, who takes freelance jobs in media and communication in Beijing, has felt increasing pressure on her income during the pandemic after some firms slashed their freelance budgets. With many of her projects having uncertain payment dates, she stopped buying big-ticket items, including cellphones and household appliances,…

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[unable to retrieve full-text content]
Alex Shi had been eyeing a 400 yuan (US$57) rice cooker online for weeks, but she eventually abandoned the purchase after considering her cash balance for the rest of the year.Shi, who takes freelance jobs in media and communication in Beijing, has felt increasing pressure on her income during the pandemic after some firms slashed their freelance budgets. With many of her projects having uncertain payment dates, she stopped buying big-ticket items, including cellphones and household appliances,…

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