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China’s retail sales rebound, but a shift in consumer habits makes the economic outlook fuzzy

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[unable to retrieve full-text content]When Vivian Li walked into a popular hotpot restaurant in downtown Beijing last week, it was the first time she had dined out in two months.Li, in her early 30s, has reined in her budget since quitting her job in the film industry in July. She had hoped to find a new job within three months, but that plan hasn’t panned out. So, she has been cutting costs by relying on public transport, purchasing discounted food via group-buying apps, and cooking just two meals a day at home.Unemployment has…

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[unable to retrieve full-text content]
When Vivian Li walked into a popular hotpot restaurant in downtown Beijing last week, it was the first time she had dined out in two months.Li, in her early 30s, has reined in her budget since quitting her job in the film industry in July. She had hoped to find a new job within three months, but that plan hasn’t panned out. So, she has been cutting costs by relying on public transport, purchasing discounted food via group-buying apps, and cooking just two meals a day at home.Unemployment has…

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