China’s gloomy economic outlook has taken the fizz out of consumer spending: PwC

Financial uncertainty in China has led to a lacklustre second half for Hong Kong's retail sales, increasing the risk of deflation and undermining consumer confidence, according to PwC.

scmp.com

Relevant topic timeline:

8/18/2023

Chinese authorities attempt to revive flagging economy amid contagion fears

Chinese authorities have introduced new measures to boost investor confidence in the stock market by reducing trading costs, relaxing rules on share buybacks, and considering extended trading hours and a cut in stamp duty, following recent declines in both the stock and bond markets. These declines have been influenced by China's deteriorating economic outlook, including deflation, weak consumer spending on manufactured goods, rising youth unemployment, and concerns over the property market.

8/23/2023

How China’s Faltering Growth Threatens Global Commodities Markets

China's stuttering economy poses a major threat to global commodities demand, as economic activity and credit flows deteriorate, and structural challenges and weaknesses in various sectors, including base metals, iron & steel, crude oil, coal & gas, and pork, affect the market.

8/23/2023

China slowdown set become top risk to global economy: Strategist

The risks of China's economic slowdown have not been factored into the markets yet, according to Insigneo Chief Investment Officer Ahmed Riesgo, who believes that the crisis of confidence in China's economy will soon become a major global risk.

8/25/2023

China's economy faces a lopsided supply and demand problem that's been years in the making

China's economic model, driven by industrialization and exports, is showing weaknesses with an imbalanced economy, low demand, slumping trade, and a struggling property sector, highlighting the need for structural reforms to boost domestic consumption and confidence.

8/27/2023

More Trouble for China: Households Would Rather Save Than Spend

Chinese consumers are saving rather than spending, even with the burden of debt, indicating a lack of confidence in the country's economy.

9/11/2023

Chinese Middle Class Flocks to Beijing's Wholesale Market for Cheap Goods Amid Economic Uncertainty

The economic uncertainty in China has led middle-class consumers to shop at wholesale markets for cheaper goods, impacting the luxury industry and highlighting the weakness in household demand in the country's struggling economy.

9/15/2023

China's Economy Shows Mixed Signals in August - Retail Sales Growth Up but Property Investment Slows

China's retail sales and industrial production exceeded expectations in August, with retail sales growing by 4.6% and industrial production growing by 4.5%, but fixed asset investment lagging behind at 3.2%, indicating potential instability in the external environment.

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Posted 8/22/2023, 11:30:09 PM

China’s gloomy economic outlook has taken the fizz out of consumer spending: PwC

Financial uncertainty in China has led to a lacklustre second half for Hong Kong's retail sales, increasing the risk of deflation and undermining consumer confidence, according to PwC.

scmp.com

Relevant topic timeline:

8/18/2023

Chinese authorities attempt to revive flagging economy amid contagion fears

8/23/2023

How China’s Faltering Growth Threatens Global Commodities Markets

8/23/2023

China slowdown set become top risk to global economy: Strategist

8/25/2023

China's economy faces a lopsided supply and demand problem that's been years in the making

8/27/2023

More Trouble for China: Households Would Rather Save Than Spend

Chinese consumers are saving rather than spending, even with the burden of debt, indicating a lack of confidence in the country's economy.

9/11/2023

Chinese Middle Class Flocks to Beijing's Wholesale Market for Cheap Goods Amid Economic Uncertainty

9/15/2023

China's Economy Shows Mixed Signals in August - Retail Sales Growth Up but Property Investment Slows