@nytimes reporter covering China and Asia, but mostly China. Got a tip? alexandra.stevenson@nytimes.com GPG
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“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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