Consumers still not warming up
Subscribe to keep reading.
Sign up to stay briefed on what the Chinese government is doing, thinking, and saying.
Already a subscriber? Log in.
For those expecting a consumption binge as China emerges from lockdown, the central bank (PBoC) has some bad news for you.
According to a first quarter survey by the PBoC of 20,000 depositors in 50 cities (The Paper):
53% of respondents said they are inclined to save more, up 7.3% from the previous...