Caixin
Aug 27, 2018 09:09 PM
ECONOMY

Consumption Downgrade Worries Overblown, Analysts Argue

Customers shop at a supermarket in Shijiazhuang, Hebei province, on Aug 9. Photo: VCG
Customers shop at a supermarket in Shijiazhuang, Hebei province, on Aug 9. Photo: VCG

* Some doubt that a “consumption downgrade” is taking place because there has been continuous consumer demand for higher-quality big-ticket home appliances

* One economist says a slowdown in retail sales is not equivalent to a consumption downgrade

(Beijing) — As rising property prices squeeze consumer spending, a debate has been ongoing about whether China is undergoing a “consumption downgrade.”

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