Beijing Workers Worry About Economy Despite Stimulus Plans
Beijing, ChinaFri Oct 18 2024
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Workers in Beijing are feeling the pinch of a struggling economy, with recent growth numbers being the worst in over a year. The city's economy has been hit hard by slow consumer spending and a crisis in the real estate sector. Despite the government's efforts to boost the economy with new policies, many workers feel the impact is minimal. Coach driver Wang Youlong, aged 52, shared his concerns about making ends meet and the uncertainty of his job. Even with the latest stimulus measures, Wang hasn't seen any improvement in his financial situation.
Younger workers like a 25-year-old sales worker also feel the strain, cutting back on luxury purchases to save money. However, not everyone is pessimistic. Shiyi, who works in the short-video industry, sees his field as relatively unaffected. Yet, he too is cautious about making big purchases like property. Workers across different sectors are waiting to see if the economy will truly improve.
https://localnews.ai/article/beijing-workers-worry-about-economy-despite-stimulus-plans-6db32614
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