this post was submitted on 21 Jul 2024
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Anticonsumption

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China's consumers aren't buying stuff, but it's not because they're broke (www.businessinsider.com)
submitted 4 months ago by schizoidman@lemmy.ml to c/anticonsumption@slrpnk.net
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[–] MrMakabar@slrpnk.net 1 points 4 months ago

Also an extremely weak social safety net and a lot of Chinese are still very poor. As in so poor that a cut can realistically mean starving.