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White-collar wage cuts in China fuel deflation risks, hurt consumption | Hellenic Shipping News Worldwide

White-collar wage cuts in China fuel deflation risks, hurt consumption | Hellenic Shipping News Worldwide
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.

Aidan chauXu tianchenCola yaoXiangrong yuZhaopeng xingCommunist partyEconomist intelligence unitHong kong basedChina labour

Analysis-White-collar wage cuts in China fuel deflation risks, hurt consumption

By Ellen Zhang and Marius Zaharia BEIJING/HONG KONG (Reuters) - Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owne.

Xu tianchenKripa jayaramZhaopeng xingAidan chauMarius zahariaXiangrong yuEllen zhangLiangping gaoKim coghillCola yaoCommunist partyEconomist intelligence unitHong kong basedChina labour

White-collar wage cuts in China fuel deflation risks, hurt consumption

White-collar wage cuts in China fuel deflation risks, hurt consumption
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

Cola yaoZhaopeng xingXiangrong yuAidan chauXu tianchenKim coghillLiangping gaoKripa jayaramEllen zhangMarius zahariaThomson reuters trust principlesCommunist partyEconomist intelligence unitHong kong basedChina labourThomson reuters trust

Analysis: How white-collar wage cuts in China are hurting consumption

"Wage cuts will intensify deflationary risks and reduce willingness to spend," said Zhaopeng Xing, ANZ's senior China strategist.

Aidan chauMarius zahariaLiangping gaoEllen zhangZhaopeng xingXiangrong yuKripa jayaramXu tianchenKim coghillEconomist intelligence unitHong kong basedChina labour

White-collar wage cuts in China fuel deflation risks, hurt consumption

Cola Yao earns 40% less than last year promoting credit cards for a Chinese state-owned bank, so she buys fewer clothes, less make-up and has cancelled her child s summer swimming classes. .

Xiangrong yuLiangping gaoMarius zahariaXu tianchenKripa jayaramKim coghillEllen zhangZhaopeng xingCola yaoAidan chauCommunist partyEconomist intelligence unitHong kong basedChina labour

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