Nice-To The Moon - Tiger Brokers Online Investing Community - To The Moon

1
1
Favorite

5823b965
2021-06-21

Nice

Sluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays

KEY POINTS Lower-income groups have been hit particularly hard by a slowdown in household income gr

Sluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

1

Report

Comment（1）

Top
Latest

TWR
·2021-06-21
nice
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":167234861,"tweetId":"167234861","gmtCreate":1624269587453,"gmtModify":1703832033578,"author":{"id":3570952641072746,"authorId":3570952641072746,"authorIdStr":"3570952641072746","name":"5823b965","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Nice</p></body></html>","htmlText":"<html><head></head><body><p>Nice</p></body></html>","text":"Nice","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/167234861","repostId":1153139723,"repostType":4,"repost":{"id":"1153139723","pubTimestamp":1624268461,"share":"https://www.laohu8.com/m/news/1153139723?lang=&edition=full","pubTime":"2021-06-21 17:41","market":"hk","language":"en","title":"Sluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays","url":"https://stock-news.laohu8.com/highlight/detail?id=1153139723","media":"cnbc","summary":"KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income gr","content":"<div>\n<p>KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income growth, says Barclays Asia Pacific’s Jian Chang.\nConsumer spending in China has largely lagged the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSluggish household income growth is ‘holding back’ Chinese consumer spending, says Barclays\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 17:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income growth, says Barclays Asia Pacific’s Jian Chang.\nConsumer spending in China has largely lagged the ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.cnbc.com/2021/06/21/slow-income-growth-is-holding-back-the-chinese-consumer-barclays.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1153139723","content_text":"KEY POINTS\n\nLower-income groups have been hit particularly hard by a slowdown in household income growth, says Barclays Asia Pacific’s Jian Chang.\nConsumer spending in China has largely lagged the country’s overall economic recovery from the pandemic.\nBarclays economists said in a Wednesday note they do not see growth in China’s consumption and services returning to pre-Covid levels this year.\n\nConsumer spending in China has largely lagged the country’s overall economic recovery from the pandemic and that sluggishness stems from slower household income growth, according to Jian Chang, chief China economist at Barclays Asia Pacific.\nData released Wednesday showed China’sretail sales once again missed analyst expectations. Official data reported retail sales rose 12.4% in May from a year ago, less than the 13.6% increase forecast by analysts.\nBarclays economists said in a Wednesday note they do not see growth in China’s consumption and services returning to pre-Covid levels this year.\n“A fundamental issue, I think, that has been holding back the Chinese consumer spending is really the … slower household income growth, and particularly for lower income group,” Chang told CNBC’s “Squawk Box Asia” on Friday.\nIn 2020, China’scash-strapped poor took on more debtafter the pandemic hit job prospects.\nChang pointed to comments from Premier Li Keqiang last year in which he said roughly600 million people earn just 1,000 renminbi per month(about $155).\nShe noted that migrant worker salaries have also struggled to recover, posting growth of just 2.5% as compared with 6.5% pre-pandemic.\nThese are headwinds for Beijing as the Chinese government hopes to promote its“dual circulation” policy, which places greater emphasis on consumption as a key economic driver.\n“To improve household consumption share in the GDP you really need to improve household income share in the GDP,” Chang said.\n“That means you really need to improve income distribution … which we know that is quite difficult, especially after the global financial crisis and after the pandemic. We really see globally, you know, there is the widening of income gap and the widening of wealth gap,” she said.\nChang said there’s also a gap in where spending occurs. While larger stores and shopping malls have been “quite strong,” Chang said smaller stores are not seeing the same performance.\n“If you look at the smaller store sales, which accounts for two-thirds of overall retail sales, that has really been underperforming and is not even half of its growth rate pre-pandemic,” Chang said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":547,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":4931994,"gmtCreate":1624272764505,"gmtModify":1663229602941,"authorId":3574678218317719,"author":{"id":3574678218317719,"authorId":3574678218317719,"name":"TWR","avatar":"https://static.tigerbbs.com/cf3718eed79c7e18a334b9c179d47926","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":167234861,"type":1,"supId":0,"prevId":0,"content":"nice","text":"nice","html":"nice","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}