The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us
China Business & Economy

CCP Releases Chinese New Year Holiday Consumption Data; Experts Say China’s Economy Entering Depression

CCP Releases Chinese New Year Holiday Consumption Data; Experts Say China’s Economy Entering Depression
Chinese paramilitary policemen stand guard as people visit the Yu Garden during the fourth day of the Lunar New Year of the Dragon in Shanghai, China, on Feb. 13, 2024. Hector Retamal/AFP via Getty Images
Alex Wu
2/28/2024|Updated: 2/29/2024
0:00

The ruling Chinese Communist Party (CCP) has released consumption data for the Chinese New Year holiday, with state media boasting that the domestic consumer market is “hot.”

However, finance experts rebuke the claim, pointing out that the slumping Chinese economy is entering a situation akin to the Great Depression (1929–39).

Alex Wu
Alex Wu
Author
Alex Wu is a U.S.-based writer for The Epoch Times focusing on Chinese society, Chinese culture, human rights, and international relations.
Author’s Selected Articles

CCP Manipulates, Controls Data to Carry Out Transnational Repression, Sources Say

Jul 24, 2025
CCP Manipulates, Controls Data to Carry Out Transnational Repression, Sources Say

Chinese Exports of 2 Critical Minerals Plunge Despite Rebound of Rare Earths

Jul 24, 2025
Chinese Exports of 2 Critical Minerals Plunge Despite Rebound of Rare Earths

China Bans Wells Fargo Executive From Leaving, Reviving Fears of ‘Hostage Diplomacy’

Jul 20, 2025
China Bans Wells Fargo Executive From Leaving, Reviving Fears of ‘Hostage Diplomacy’

CCP Holds Rare Conference to Deal With Urban Poor Amid Economic Crisis

Jul 18, 2025
CCP Holds Rare Conference to Deal With Urban Poor Amid Economic Crisis
Related Topics
Chinese New Year
Great Depression
consumer confidence
stock market crash
Add to My List
Save
The Epoch Times
To ensure we reach the high standards of reliability and neutrality that you expect from us, we are engaging with Ad Fontes Media to analyze our content. If you find an article you think falls short of the standard, please submit the link through this form.
Copyright © 2000 - 2025 The Epoch Times Association Inc. All Rights Reserved.