State media touted economic progress, while Chinese people have described worsening hardship, political contradictions, and fading public trust in Xi’s rule.
The U.S. call is primarily a symbolic political gesture, and the two countries are moving from a tariff war to a long standoff over rules, said analysts.
One year after strong recovery in the China market, the country’s slowing economy and falling retail demand are hitting even premium brands like Penfolds.
State media touted economic progress, while Chinese people have described worsening hardship, political contradictions, and fading public trust in Xi’s rule.
The U.S. call is primarily a symbolic political gesture, and the two countries are moving from a tariff war to a long standoff over rules, said analysts.
One year after strong recovery in the China market, the country’s slowing economy and falling retail demand are hitting even premium brands like Penfolds.