CCP Urges More Spending as Chinese Households Grow More Cautious

Residents and business owners say weak incomes, layoffs, and falling asset values are eroding consumer confidence.

A customer shops at a supermarket in Nanjing, in China's eastern Jiangsu Province, on Oct. 13, 2023. STR/AFP via Getty Images

As the Chinese Communist Party (CCP) intensifies calls to boost consumer spending, several China-based interviewees told The Epoch Times that weak incomes, job insecurity, and declining household wealth continue to weigh on consumption, exposing one of the country’s most persistent economic challenges.

They spoke to the publication on condition of anonymity or only publishing their surnames out of fear of reprisal.