Caixin
Feb 07, 2019 11:32 AM
ECONOMY

How Bad Is China’s Economic Slowdown? It Depends What You Sell

Shoppers rest in a Shanghai mall on Dec. 31, 2018. Photo: VCG
Shoppers rest in a Shanghai mall on Dec. 31, 2018. Photo: VCG

(Bloomberg) — If China’s economy is weakening, someone forgot to tell Jasmine Wang.

“My parents haven’t asked me to cut back my spending,” says Wang, a 22-year-old graduate student in Beijing who collects limited-edition fragrances from brands like Chanel and Guerlain that can cost up to $300 each. She said her parents are paying her monthly bills of about 6,000 to 8,000 yuan ($1,186) and will keep supporting her if she struggles to find a job.

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