Beijing is counting on the nation's vast consumer base to cushion the slowdown, but as things grow more clouded, Chinese are tightening their belts.
Growth in disposable income slowed in China last year while living costs rose, highlighting the increasing strains Chinese households are facing as the economy cools.But as the outlook grows more clouded Chinese are tightening their belts, buying fewer cars, electronics and home appliances.
BEIJING - Growth in disposable income slowed in China last year while living costs rose, highlighting the increasing strains Chinese households are facing as the economy cools.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
No-deal Brexit would hit the UK economy and raise living costs, government report warnsA British government ministry focused on the U.K.'s departure from the European Union has reiterated a warning that the country's economy could weaken as much as 9 percent over a 15-year period.
Read more »
China consumers squeezed in 2018 as income gains slow, living costs riseGrowth in disposable income slowed in China last year while living costs rose, h...
Read more »
Baidu Forecasts Weaker Growth as Chinese Economy SlowsChina’s search-engine giant Baidu expects its slowest revenue growth in nearly two years in the current quarter, with advertising pinched by tighter government regulation and the downturn in the Chinese economy.
Read more »
Chinese search giant Baidu beats on ad sales but streaming costs surgeChinese search engine operator Baidu Inc beat market estimates for fourth-quarte...
Read more »
Chinese search giant Baidu beats on advertising sales but streaming costs surgeBaidu's key online marketing business, which includes search, news feeds and a video app and accounts for more than three quarters of the company's revenue, grew 10 percent to 21.2 billion yuan ($3.15 billion) in the quarter ended Dec. 31.
Read more »
Pharmaceutical executives on Capitol Hill answer questions on rising drug costsThe top executives from seven major drugmakers told a Senate committee Tuesday that their industry isn’t solely to blame for historically high drug prices, setting up a clash with lawmakers who insist the companies are gaming a broken system. The testimony from several drug industry CEOs is the first
Read more »
The household items you need for an updated, grown-up homeA good mattress, hardwood furniture and other things everyone should have by the time they’re 30.
Read more »