China’s downturn is hitting the very people the Communist Party is counting on to transform the economy. Photo: Handout
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

China’s downturn is hitting the very people the Communist Party is counting on to transform the economy. Photo: Handout
China’s downturn is hitting the very people the Communist Party is counting on to transform the economy. Photo: Handout
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