Caixin
Feb 11, 2019 08:31 PM
OPINION

Caixin View: Can Consumers Deliver in the Year of the Pig

* Lunar New Year festivities continue trend of slowing growth in consumer spending

* Year gets off to a bad start, but consumption-friendly tax cuts have yet to kick in and could provide a boost later in the year

Consumption has been put front and center of China’s economic performance this year and all eyes this week are on how hundreds of millions of Chinese people ate, traveled, and shopped their way into the Year of the Pig. The seven-day Lunar New Year public holiday (which ran from Feb. 4 to Feb. 10 this year) is one of the country’s two so-called “Golden Week” vacations that are supposed to prompt a splurge of spending.

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