China’s Economy in Recession, Consumption Is Weak

03/11/2024 Bloomberg Television: With the economy facing deflation, diminishing job prospects and slimming wallets, many Chinese households are pausing non-essential large purchases and choosing leisure over luxury. After decades of runaway growth, there is a palpable sense of unease in Beijing.
03/11/2024 彭博电视台：由于经济通货紧缩、就业前景暗淡、钱包缩水，许多中共国家庭暂停了非必须的大额消费，选择休闲娱乐而不是奢侈。在经历了几十年的经济飞速增长后，北京笼罩着一种明显的不安情绪。