China's Economy Faces Consumer Spending Woes

Chinas economy faces headwinds as retail sales, industrial production, and investment in fixed assets underperform expectations. Car sales and Singles Day online shopping festival sales decline, indicating weaker consumer spending. Policymakers plan to issue special bonds and increase investment budget to boost domestic consumption and reverse the slump.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.