China’s spending slowdown: What’s behind the historic dip since covid?

China’s spending slowdown: What’s behind the historic dip since covid?

China’s consumer spending has entered its longest slowdown in years, revealing deep cracks in the country’s post-covid recovery story. Despite government promises to boost domestic demand, retail sales are weakening, investment is faltering, and growth momentum is fading. Here’s what’s really behind China’s economic cool-down.