China’s Factories Are Back. Its Consumers Aren’t.

The manufacturing giant is once again turning out steel and cellphones. But job losses and pay cuts have left its people reluctant to spend — a problem the U.S. and Europe may soon face, too. [Source]

Origin: nytimes.com

Category: China

Topics: Europe, problem, —, spend, reluctant, people, losses, cellphones, steel, turning, again, giant, manufacturing, Aren’t, Consumers, Factories, China’s

Source: https://www.nytimes.com/2020/04/28/business/china-virus-economy-consumption.html