ZERO HEDGE writes:

(By Ye Xie, Bloomberg Markets Live reporter and strategist)

The exact shape of China’s economic recovery depends on how much consumers pull out of the savings they accumulated during the pandemic (also see “What China Savings Mean For World Consumer Firms“).

While the jury’s still out, the pattern of post-lockdown saving rates in developed economies suggests that a spend-it-all approach is unlikely among consumers in China.

With slowing exports and sluggish housing investments, consumer spending is expected to be a key ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.