Tag: belttightening
How China’s belt-tightening affects the world
Read more: https://sc.mp/7c6j9 Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube With slower growth in China’s economy, young professionals and middle-class people around the country are tightening their belts and cutting down on spending. Many young people say the change is related to the national response to economic challenges. The shift has prompted many foreign governments to raise concerns about China forming excess production…