consumer spending

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CDT Money: Likonomics and China’s Push for Reform

China watchers spent the week digesting the latest official quarterly GDP data released by the National Bureau of Statistics, which showed year-over-year growth slowing to 7.5% in the second quarter. Measured by international...

Hong Kong Clings to Separate Identity

Tensions between Hong Kong and the mainland have fluctuated, but with the recent proposed education curriculum change and other signs of hostility, relations with the mainland seem to be under more stress in recent months. As...

Are China’s Wealthy Spending Less?

On CNBC, Shanghai-based market intelligence analyst and author Shaun Rein responds to a Wall Street Journal piece published earlier this month which argues that China’s wealthy are losing confidence and spending less,...

In China, Even Small Cities Spend Big

The Wall Street Journal China Real Time blog reports that it’s not just consumers in Beijing and Shanghai who spend big in China, but their Tier 2 neighbors as well: Up to now, many global companies, especially luxury...

China’s Next Stage: Spreading the Wealth

The New York Times’ Room for Debate blog has rounded up a number of scholars to share their thoughts on China’s efforts to move towards a consumer-driven economy. Michael Pettis, professor of finance at Peking...

How Beijing is Battling the Global Crisis

Der Spiegel writes about Western hopes that China will revive the global economic slump: Last week, European Central Bank President Jean-Claude Trichet said cautiously that the global economy is “near a turning...

Distant Holy Grail: China’s Consumers

Forbes reports: China is showing steady improvement in domestic consumption, as global and domestic companies set their sights and hopes on the world’s most populous market. But bolstering the power of its consumers to...

Why China Is Too Scared to Spend

With lower growth rates and exports down, China’s economy faces a shaky future. But it’s not as if China doesn’t have the money to jumpstart its own recovery; money accumulated thanks to its high savings rates...

New York Times: As China Goes, So Goes …

A New York Times editorial offers an opinion on how China should respond to the current global financial crisis: China is already feeling the impact of a slower world economy. Both economic growth and export growth have braked...

China – A Nation of Savers

MSNBC has a report about the changing money-saving habits of Chinese families, as young consumers turn to credit cards: Fears about a possible global recession have begun to trickle down to China, a nation of traditionally high...

The Perils Of Thrift

Newsweek looks at the economic ties between the U.S. and China and their impact on the current market crisis as well as on the future of China’s economic growth: The relationship is symbiotic and mutually intoxicating,...

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