Index > Briefing
Back
Tuesday, July 23, 2013
Deterioration of Public Consumption Will Affect China's Economic Growth
ANBOUND

Chinese consumers become more prudent when it comes to spending. Recent study shows that only 27% people in China plan to increase random spending compared to 38% last year. Six out of ten respondents prepare to save more money and 29% of the respondents anticipated reduction of future income. Anbound warns that the deterioration of public consumption is noteworthy; the government needs to assist the public to increase their incomes besides considering measures that encourage the public to spend and spend at ease.

Copyright © 2012-2024 ANBOUND