apolloniatiger
apolloniatiger t1_j690xnv wrote
Reply to $2.5t spending potential held by Chinese consumers if reopens fully. by Infamous_Sympathy_91
Don’t count on that. China does not have safety net and hospital are expensive. Savings are for healthcare and retirement.
apolloniatiger t1_j691nc3 wrote
Reply to comment by Stachemaster86 in $2.5t spending potential held by Chinese consumers if reopens fully. by Infamous_Sympathy_91
I wish you can see what they are buying. My friends in China buys toilet paper for whole year during 11/11 event. They don’t have too much discretionary spending.