09 Jan China’s retail sales to weaken this year as falling home prices, jobs outlook feed consumer insecurity: UBS
Posted at 00:00h
in Asia
Falling home prices and fears about job prospects will deter Chinese consumers from freely spending on goods such as clothes and home appliances, weighing on the nation’s retail sales growth, according to UBS.Retail sales are expected to climb 5.5 per cent in 2024, one...