After a strong start to the year, spending has slumped as a real estate downturn weighs on consumers. Communist Party leaders are meeting this week to discuss what to do about it. China, Economic Conditions and Trends, International Trade and World Market, Consumer Behavior, Factories and Manufacturing, Politics and Government, Infrastructure (Public Works), Real Estate (Commercial), Real Estate and Housing (Residential), Building (Construction), Deflation (Economics) After a strong start to the year, spending has slumped as a real estate downturn weighs on consumers. Communist Party leaders are meeting this week to discuss what to do about it. NYT > Business
China’s Economy Slows Sharply as Housing Troubles Squeeze Spending
