BEIJING, Sept 11 — Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has driven the 35-year-old teacher, and other middle-class...
BEIJING, Sept 11 — Amy Zhang used to buy branded fashion from shopping malls, but China’s economic uncertainty has driven the 35-year-old teacher, and other middle-class Chinese like her, to shop at one of Beijing’s most famous wholesale markets.
“I used to love buying branded clothes,” said teacher Zhang as she sifted through a pile of garments priced between 15 and 50 yuan . “But some of my friends are worried about losing their jobs and that affects me as well.” “It’s really a confidence issue, but the problem is that there’s no particularly good way to resolve that right now,” said Becky Liu, head of China macro strategy at Standard Chartered.
“I came here for cheap clothes to save on my living expenses,” said a 45-year-old shopper who only wanted to be identified by her family name, Lu.A vendor in her 50s who only gave her first name as Yunshan said she has so many customers visiting her shop at the market that she’s struggling to keep the online store running.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China says detained US spy lured officials in ‘honey traps’BEIJING, Sept 11— Beijing said Monday that a US citizen jailed for life for espionage lured Chinese officials into bugged hotels and used “honey traps” to blackmail them into...
Read more »
UK leader Sunak chides China after report a UK Parliament staffer is a suspected Beijing spyPrime Minister Rishi Sunak chastised China’s premier on Sunday for 'unacceptable” interference in British democracy, after a newspaper reported that a researcher in Parliament was arrested earlier this year on suspicion of spying for Beijing.
Read more »
China and EU should ‘unite and cooperate’, says Premier Li QiangHis call came as the European bloc grows warier of the risks of engaging Beijing.
Read more »
Venezuela’s Maduro says seeking China’s help to join BRICSBEIJING: Venezuelan President Nicolas Maduro is seeking Beijing&039;s support to join the recently expanded BRICS group of emerging economies, as he makes...
Read more »
S. Korea hosts Russian, Chinese officials at anniversary paradeThe event yesterday featured Pyongyang’s ‘paramilitary forces’ rather than soldiers.
Read more »
Philippines condemns Chinese boats’ ‘illegal’ actions in South China SeaMANILA: The Philippines condemned “illegal” actions by Chinese vessels on Friday after the boats allegedly interfered in another resupply mission to a remote military outpost in the disputed South China Sea.
Read more »