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Economics1h 39m ago

China’s consumer spending may have contracted for the first time since the pandemic, extending a slowdown in its economy.

China

Who
Bloomberg economists, Lynn Song, Chang Shu, Eric Zhu, Australia & New Zealand Banking Group economists, Raymond Yeung, Goldman Sachs Group Inc. economists, Andrew Tilton, Citigroup Inc. economists, Xiangrong Yu, Huachuang Securities Co. economists, Zhang Yu
What
China’s consumer spending may have contracted for the first time since the pandemic, extending a slowdown in its economy.
When
Mon, 15 Jun 2026 04:48:19 GMT · 1h 39m ago
Where
China ·
Why
Consumer confidence slipped, households continued to repay loans, and a weak job market combined with faster inflation hobbled consumption.
The Frontline Impact

How this affects you

The slowdown in China's economy, marked by contracting consumer spending and declining investment, indicates potential challenges for global trade and economic stability given China's role as the world's second-biggest economy. The reliance on fiscal policy for stabilization suggests possible shifts in government spending strategies.

Story chain

2 events in this thread
  1. Currently Reading1h 39m ago
    China’s consumer spending may have contracted for the first time since the pandemic, extending a slowdown in its economy.
  2. Economics1h 39m ago
    China's consumer spending may have contracted for the first time since the pandemic, with retail sales estimated to have shrunk 0.2% in May from a year earlier.
    Open article

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