Learn English: Why aren't people in China buying lots of stuff? (easy)

1 week, 1 day ago

Why aren't people in China buying lots of stuff?

People in China aren't buying as much because they worry about the future and don't have much extra money.

Many jobs aren't paying much more money, so people save their money instead of spending it on toys or treats.

Lots of young people can't find jobs, and that makes people feel worried about their money.

Because of this, many families save their money instead of spending it, which makes the economy slower.

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Source

Original: CNBC

Tags

#Chinese economy #consumer spending #income inequality #unemployment #real estate market

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