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Customers look at the clothes with 80% or 70%, 80% or 70% in the Supermarket in Hangzhou, Zhejiang Province on June 9, 2025.
Cfoto | Future Publishing | Getty pictures
Beijing – China’s consumer expenditures provide uncertainty about the less signs of the selection, future wealth, choices and lack of social security networks.
Happened Four straight moon where consumer prices are decliningConsumer confidence approaches historical landings and fights the real estate market to return. Analysts repeatedly point to a key factor: stagnant.
Since China doubled the growth rate in China, now 5%, Jeremy Stevens, Beijing Standard Asia economist said on Wednesday.
Most work does not give an increase. 16 sectors, only three mining, utilities and information technology services, said they have seen the growing salary of the gross domestic product since 2020.
Showed monthly business requests for May Shrinks in the labor market Inside the staff, especially factories, our tariffs are visiting. The unemployment rate among young people aged 16-24 was not in April, but 15.8% of April remained high. The official unemployed rate in the cities was 1 around 5%.
64% Chinese households said in the third quarter of 2024 that in the quarter study by the People’s Bank, they would save money more than spending or investing in a quarter.
In the fourth quarter, this is 61.4%, according to the recent study released in March, this reflects a trend of more than 60% of respondents who prefer to register for the registration since 2023.
And for respondents who plan to spend, Education was the best categoryAfter the fourth quarter of PBOC, health and tourism followed health and tourism.
More than half of the respondents looked because it is difficult to speak to the business market.
People in China have tended to save cultural, especially limited insurance coverage, hospital therapy, higher education and pension expenses are often. In the last few years, the real estate bar in recent years was both in China to spend the majority of household resources for property.
One way to spend more people, in increasing the share of state assets to the Ministry of Cafet, Luo Zhiheng, Senior Economist in Yekai securities, noted.
He added that the increase in public holidays and the services of the services sector can also help.
In the last few weeks Chinese officials closed plans Additional support and Improve social welfare. However, politicians prevented the mottled money conducted to stimulate US and Hong Kong residents after the pandemic.
Analysts from the pandemia warned this Retail sale in China would recover very slowly As the main uncertainties for consumers remain unresolved.
In ten days in ten days, “Chinese consumers are the company’s application along with innovations, even innovation innovations, even innovations, even innovations, even innovations, even innovations, Bruno Lannes, Shanghai-centered head partner and retailing experience.
“They are more rational in today’s world. They know what they want,” he said.
China is scheduled to be retail on Monday on Monday. Analysts questioned by Reuters predict the slowdown of the 4.9% increase in 5.1% in April.
A turn from big cities
Another factor of the negative CPI is read, it is a transformation of Chinese consumers to be transformed to less valuable products from the relatively high-quality goods or less than large cities.
Last year, Shanghai lost 72,000 residents, while Beijing 26,000 drops, Worldpanel and Bain & Company on Thursday in a report on Thursday. The two cities are usually classified as “1 level” cities in China.
As a result of the population’s change, the small towns classified as Tier 3 and “Tier 4” have been higher than last year’s daily needs and the value of daily needs – 1 in 1 city, helped to increase in 1 city. Research, packaged food, beverages, personal care and home care.
This increased by 4.4% last year, as the total volume of goods sold in China last year, as consumers prefer low-valued products and enterprises, the average sales prices fell by 3.4%.
Trend, even affects the sale of flowers.
Asia’s largest floral market in Yunnan International Flora Auction Shopping Center, more demand for more demand in May, as a result, the result was lower than average sales prices.
After work in May’s holiday season, he was working on work, Li Shenghuan, a flower seller near the mall, he said. He said that flower prices fell slightly because more people grow flower. He demands the National Day vacation in early October.
For a sense of determination, a one-time income per capita comes, according to official data, the once income of cities is less than half of the cities. Last year, one-time income in urban areas was 54,188 Yuan ($ 7,553). It’s so little Provided $ 64,474 for the United States by December.
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Standard Bank Stevens exceeded the level of “significantly increased” and rejecting city houses in the rural income of consumption. However, he noted that there was no less profitable houses to negatively increase low-income households.
In China, half of the total income and half of the consumption, he said that 60% of total deposits. “Political support for low-income groups, and good meaning is not enough without structural salary reform.”
In addition, China’s “general welfare” rhetoric presented its institutional regulation and policy turns, which is unknown, in good intention, “said Stevens, the changes were” still finding a new balance. “
