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Morgan Stanley outline 3 factors weighing down on China’s consumers

A research piece from Morgan Stanley over the weekend saying that Chinese consumer spending won’t return to pre-COVID levels anytime soon. MS forecast:an expected +9% in Chinese consumers’ spending during 2023but lower at +4.8% in 2024The factors MS point to:1. unlike the US and other nations in the wake of COVID, China has not given consumers stimulus checks2. 30 million service sector jobs that would have existed before COVID have been removed due to regulatory changes and pandemic restriction... Read More

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Morgan

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Outline

Factors

Weighing

Down

China

China s

Consumers

Forex

Posted: May 29 2023, 23:53

Author Name: forexlive

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