Country’s economic expansion is projected to decelerate sharply over the next few years, signaling deeper structural challenges.
Despite low consumer confidence, China’s services sector, particularly food service and air travel, is experiencing strong growth, according to McKinsey’s latest report.
Businesses reliant on China’s rapid expansion must reevaluate strategies as the country faces structural adjustments and demographic challenges.
High-spending consumers drive growth, while lighter spenders cut back, according to Boston Consulting Group report.
Daily news from our China desk
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