Out of Money, Govt Urges 1.4B People to Tighten Belts! Malls and Restaurants Empty, No Consumers

Out of Money, Govt Urges 1.4B People to Tighten Belts! Malls and Restaurants Empty, No Consumers

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Since the beginning of this year, provincial-level administrations such as those in Inner Mongolia, Hunan, and Beijing have issued specific measures for "tightening belts,". Many analysts believe that this is quite an ominous sign.

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