China’s Consumption Downgrade: Skip Avocados, Cocktails and Kids
Is this a real problem or just a tempest in a teapot?  Many anecdotes != data.<p>About the only thing that popped out at me is the line &quot;She makes about $1,400 a month after taxes, but nearly half of it goes to the rent on her one-bedroom apartment.&quot;<p>Maybe housing costs are what&#x27;s causing the slump (if there is one)?  Around where I live I see stores closing all the time and I&#x27;d bet the #1 reason is that rent is too damn expensive.