Farewell my consumer
Subscribe to keep reading.
Trivium Markets keeps you briefed on the latest developments in China markets policy.
Already a subscriber? Log in.
To view this note as a PDF, click here.
July’s econ numbers are the death knell for a consumption-led recovery in China. The assumption was that Chinese consumers, free of the restraints of zero-COVID, would ramp up spending, aided by the excess savings they had accumulated during the pandemic. Howe...