China’s 3Q Numbers Confirm Switch to Consumer-Led Economy
www.asiasentinel.com
Despite a mind-boggling “Singles’ Day,” in which online consumers go frantic in a manner reminiscent of the Black Friday sales that follow Thanksgiving in the United States, the latest figures out of China indicate that the economy is stubbornly not reacting to Herculean attempts by Beijing to get it back on track via pump-priming through infrastructure spending.
China’s 3Q Numbers Confirm Switch to Consumer-Led Economy
…
China’s 3Q Numbers Confirm Switch to Consumer-Led Economy
Despite a mind-boggling “Singles’ Day,” in which online consumers go frantic in a manner reminiscent of the Black Friday sales that follow Thanksgiving in the United States, the latest figures out of China indicate that the economy is stubbornly not reacting to Herculean attempts by Beijing to get it back on track via pump-priming through infrastructure spending.