China's consumers keep their wallets in lockdown as COVID-19 curbs ease - CNA

BEIJING: China's sputtering economy has a lot riding on its consumers, who are just now emerging from lockdowns in Shanghai and other big cities. But those hopes are running up against the likes of Wu Lei, a soccer coach in Beijing who has put off buying a ne…

Chinese authorities, however, have been reluctant to spur consumption with cash handouts similar to those in developed countries. They face fiscal constraints, and fear that handouts would end up fa… [+2150 chars]

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