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

  • More middle-class Chinese like teachers are shopping at Beijing's famous wholesale Daliushu market for cheap clothes and goods due to economic uncertainty.

  • Weak household spending is emerging as a key drag on China's economy as wages remain stagnant amid high youth unemployment.

  • Bargain-hunting has been a boon for Daliushu's merchants, with some vendors struggling to keep up with demand.

  • The downturn has affected luxury brands like LVMH and Kering which have courted China's middle class.

  • Vendors say even wealthy customers who used to shop overseas are now seeking bargains at the wholesale market.

reuters.com
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