Across China: Beijing
China Daily | Updated: 2009-03-05 07:45
Crisis to hit spending
Consumer confidence and spending will be hit by the economic crisis, the Chinese Academy of Social Sciences said yesterday.
Consumers tend to be "practical and cut costs", it said. As well as the insight on consumer behavior, the report offered predictions on how much people might spend on food, housing, cars, tourism, healthcare and home appliances.
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