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China's middle class does not 'dare to spend' until post-Covid economy shows clear signs of recovery

Lifting consumer sentiment would require the creation of a ‘positive cycle’ in the economy as a whole, analysts and experts point out. ....

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Detailed text transcripts for TV channel - MSNBC - 20171222:22:10:00

The benefits go to the wealthy and corporations? yes, i can, because i believe that economic growth flows from that economic return to the corporations and that employment pressure drives up wages. some of that under story, not just bonuses, the hike in minimum wage at wells fargo and third fifth bank from $13.50 to $15. i believe it will cause 4% growth, we haven t seen in a decade. it will have succeeded pulling the chestnuts of the republicans out of the fire. there s a lot of danger if it all becomes carried interest kickbacks to the super wealthy and we have that problem to worry about, but right now republicans are aware they ve got to sell. the good news is, they re selling money in pockets ands 20ds $20 is not a lot to some but enormous to others. trumbull county, places in michigan, and wisconsin, pennsylvania. the blue wall that crumbled. ....

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