Visitors throng the Bund, Shanghai's iconic waterfront, on the second day of this year’s National Day "Golden Week" holiday in China but consumer spending was slow compared to last year. Photo: Reuters

Are Chinese consumers losing power? Soft spending in Golden Week raises concerns

Slow spending takes the shine off Golden Week as consumers refuse to take the economic strain of US-China trade war

Topic |   China economy

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Visitors throng the Bund, Shanghai's iconic waterfront, on the second day of this year’s National Day "Golden Week" holiday in China but consumer spending was slow compared to last year. Photo: Reuters
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