Joey Wat, CEO of KFC China owner, explains China consumer spending slump – Canada Boosts
The hoped-for Chinese language financial rebound is an efficient contender for this year’s biggest disappointment. After China’s abrupt reopening final December, analysts and economists expected a huge rebound as Chinese language customers rushed again to spend and store. But the post-opening rally quickly fizzled out–and now China’s economic system is, in some respects, doing worse…