Cheng Leng and Hudson Lockett in Hong Kong Chinese households are sitting atop the biggest pool of new savings in history — accumulating $2.6tn of bank deposits last year alone as strict anti-coronavirus policies crushed consumer spending. The anticipation of a wave of pent-up demand, with consumers opening their wallets after China shifted decisively on tackling the pandemic, is underpinning hopes for a global economic recovery. Yet the world may be misjudging China’s willingness to spend, according to some analysts, who said...
Moneycontrol Pro Panorama | Banking crisis: Will Powell pause?
Mar 22, 2023 / 03:09 PM IST
In today’s edition of Moneycontrol Pro Panorama: India likely to maintain growth momentum, gold is back in the limelight, China'...Read Now
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