Economy News China S Middle Class Sees Decrease In Confidence As Economy Faces Slowdown
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China’s Economy Stumbles After Unprecedented Slump in Investment
China’s economic activity cooled more than expected at the start of the fourth quarter, with an unprecedented slump in investment and slower growth in industrial output adding to a drag from sluggish ... Read More
China's economy slows to 4.8% annual growth in July-September, hit by tariffs and slack demand
HONG KONG (AP) — China's economy expanded at the slowest annual pace in a year in July-September, growing 4.8%, weighed down by trade tensions with the United States and slack domestic demand. The ... Read More
Middle class consumers will be the principal engine of China's economy: Primavera Capital
Fred Hu, Chairman and CEO of Primavera Capital, says China's economy will be in much better shape once consumer spending normalizes. He adds that while there is no doubt the trade war was a major drag ... Read More
Bank of America CEO cautions over middle class feeling the 'pinch' as economy faces new threats
Bank of America Chairman and CEO Brian Moynihan cautioned that while the American consumer remains a powerful force keeping the economy afloat, the middle class is beginning to feel the strain. Read More
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