China’s consumer confidence dips near historic low amid growing economic worries

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BEIJING, Sept 5 — China’s consumer confidence is approaching a historic low as recent short-term measures fail to mitiga...

Chinese consumers are becoming more cautious due to concerns over wage growth and job security, as companies continue to lay off staff to maintain profitability.

In response to the economic downturn, China’s State Council released a 20-point directive in early August, aiming to bolster service sector spending.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChina

Topics: China China consumer confidence China economy Consumer confidence

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 18:29:31 (1 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 22372338

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