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China Slowdown: Consumers Refuse to Spend

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China Slowdown: Consumers Refuse to Spend
A man checks his phone while resting in a shopping mall in Beijing on July 18, 2023. Greg Baker/AFP via Getty Images
Antonio Graceffo
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News Analysis

In the last week of October, China experienced a decline in factory activity, with the manufacturing sector slipping into contraction. Meanwhile, growth in the services sector eased, highlighting the economy’s fragile state.

Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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