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China’s rising living costs, economic uncertainties leave lower-income groups unwilling or unable to spend

Summary:
[unable to retrieve full-text content]While overall income growth among many Chinese has yet to recover from the impact of the pandemic, demand among China’s lower-income groups is likely to remain subdued as pressure grows on the economy.Tina Tang, an administrative secretary at a small-to-medium-sized enterprise technology company in Guangzhou, is one of those who have felt the chill from a slowdown of income growth over the past two years, as a result of her employer’s poor financial performance.Many workers in her sector have…

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[unable to retrieve full-text content]
While overall income growth among many Chinese has yet to recover from the impact of the pandemic, demand among China’s lower-income groups is likely to remain subdued as pressure grows on the economy.Tina Tang, an administrative secretary at a small-to-medium-sized enterprise technology company in Guangzhou, is one of those who have felt the chill from a slowdown of income growth over the past two years, as a result of her employer’s poor financial performance.Many workers in her sector have…

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