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

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