@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
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At a mall downtown, Wang Li is among a dozen bored shopkeepers who sit on lawn chairs and stools, watching shows on their smartphones while waiting for customers. “Nothing is good,” she said. “It’s not just this one type of business. Every kind of business is not doing so great.”
“Business is not good,” Cui Guowei, her boss, complains. “I’m so worried I have a headache.” He’s been running his business selling towels, water bottles and keepsake mugs for more than ten years but these days things are worse than before.pic.twitter.com/a1kOWnRgBv
In Shanghai,Mengjie Wu and George Gao have a mortgage and loans to pay off and rising living costs. So they are considering putting off the ultimate act of consumption: their wedding. “We haven’t decided if we will do it yet because it is not a small cost. We won’t do it soon.”pic.twitter.com/facibSbYMh
These concerns pose an immediate challenge to China’s leadership, which draws its legitimacy from the wealth and confidence of the Chinese people. Read more herehttps://www.nytimes.com/2019/10/02/business/china-consumers.html?smid=nytcore-ios-share …
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