Chinese need to spend to spur economic growth, but fears give them pause

And there is plenty to spend. After three years stuck at home, the Chinese have amassed a huge pool of savings, the article states.

Dawn

China has been able to stick to its aim of keeping the surveyed urban unemployment rate at 5.5 per cent for December 2022. PHOTO: REUTERS

March 6, 2023

And there is plenty to spend. After three years stuck at home, the Chinese have amassed a huge pool of savings, the article states.