Cutouts


China’s Consumption Downgrade: Skip Avocados, Cocktails and Kids    

written by Li Yuan. added 10 months ago by @icyflame ARCHIVES

china consumption    

When asked whether she would consider having a second child, Li Keli, an accountant at an electronics maker in the southern city of Huizhou, said, “Absolutely not.” Her factory laid off two-thirds of its workers in June when the United States-China trade war escalated. Her monthly pay of $500 was cut by 10 percent. She used to take her son, 7, to visit nearby cities on weekends. Now she takes him to the playgrounds of big residential complexes because they’re free.

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