Liu Baoxiang, who operates a mahjong parlor in a city on China’s rust belt, no longer indulges in ostentatious fashion purchases after watching the value of his two apartments drop by almost a third over the previous two years. “I… Read More ›
Day: April 16, 2023
Data On Manufacturing Output And Weak Retail Sales Indicate A Weakening Of The US Economy
Consumer spending on cars and other expensive things decreased more than anticipated in March in the US, signaling that the economy was losing momentum at the end of the first quarter as a result of increasing interest rates. Retail sales… Read More ›
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