Cover Story: China’s Consumers Are Flush With Cash, So Why Does the Recovery Have the Wobbles?

Risk averse consumers are shying away from borrowing and instead focusing on saving their cash and repaying debts, undermining the effectiveness of loose monetary policy

Ominous signs that China’s economic recovery may be slowing from an initial surge fueled by pent-up demand among consumers has analysts and bankers alike pondering whether continued loose monetary policy can underpin the revival, as a rise in risk aversion leads people to save more and shy away from borrowing…………

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