More and more signs point to slower spending in China. Analysts say not to worry [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
More and more signs point to slower spending in China. Analysts say not to worry Fred Dufour | AFP | Getty Images Vehicles at a Hongqi car dealer in Beijing. - Car sales are falling in China this year but one brand is speeding ahead: The national 'Red Flag' sedan is flying high, powered by purchases from the government, state companies and patriotic citizens. Plummeting car sales, sluggish retail sales data, a cooling housing market On Monday, China's top auto industry association reported that the country's automobile car sales in January fell 15.8 percent Citigroup's chief economist of China, Li-gang Liu, said he expects Beijing to announce some new measures to boost consumption, particularly in the auto sector. "China's consumers still have further room to leverage up." -Li-gang Liu, Chief China economist at Citigroup In addition, the impact of personal income tax cuts Despite rapidly increasing household debt, Liu thinks that "China's consumers still have further room to leverage
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