China’s downturn is hitting the very people the Communist Party is counting on to transform the economy. Photo: Handout
China wants consumers to drive economic growth, but they are already being squeezed
- Trade war with United States over Beijing’s technology ambitions is adding to anxiety about job losses and hitting sales of cars, property and consumer goods
Topic |
China economy
China’s downturn is hitting the very people the Communist Party is counting on to transform the economy. Photo: Handout