China’s Central Bank Survey Highlights Challenges in Job Market and Consumption Demand
China's Central Bank Survey on Economy
A recent survey conducted by the People's Bank of China sheds light on the current state of the job market and consumption demand in the country. The survey indicates that more than 46% of urban residents view the job market as 'uncertain', highlighting ongoing challenges in employment.
Struggles in Consumption Demand
Additionally, the survey reveals that 62% of respondents plan to save more, signaling a lack of confidence in spending and consumption. This poses a hurdle for policymakers who rely on robust domestic consumption to support economic growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.