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Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles

August 21, 2023

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Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.

By Li Yuan | NYTimes | NYT > Business | Disclosure

and their reluctance to spend and borrow is feeding what could become a dangerous cycle. Consumers and business owners say they feel paralyzed by despair NYT NYT > Business NYTimes

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Chinese Confidence Hits Low Point Because of Nation’s Economic Troubles

Consumers and business owners say they feel paralyzed by despair, and their reluctance to spend and borrow is feeding what could become a dangerous cycle.

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