According to recent data from China, the Chinese economy is slowing down. Consumption costs for consumer products declined to the lowest growth rate for the last five months; growth in real estate sales reached the highest level in the last one and a half year. While Chinese consumers stated that economically the future is not bright; they went to save.
According to the latest data released, automobile expenditures, basic foods and other consumer products caused the lowest growth data of the last five months in October. Consumers’ future concerns are stated to be effective in this decline, while surveys indicate that consumers are turning to savings.
China’s most important e-commerce company, Alibaba, Singles Day’da sales of $ 31 billion despite a new record; the company’s annual growth rate is the lowest level of attention.
Sourc : https://www.mesutal.com/blog/%C3%A7in-ekonomisi-yava%C5%9Fl%C4%B1yor