Investors went wild for China during its big holiday. But Chinese shoppers showed little of that optimism ...Middle East

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By Juliana Liu, CNN Hong Kong (CNN) — Global investors went wild during China’s just-concluded Golden Week holiday by snapping up “everything” related to the country. But that optimism didn’t extend to shoppers and travelers in the world’s second-largest economy itself. Goldman Sachs economists wrote in a Tuesday research note that tourism revenue per person was 2.1% below the pre-pandemic level during the National Day Golden Week, a seven-day period that ended on Monday. Weak consumption calls attention to a persistent problem with consumer confidence. “Low tourism spending per head and subdued services prices highlighted still weak domestic demand and continued consumption downgradi

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Investors went wild for China during its big holiday. But Chinese shoppers showed little of that optimism ...Middle East

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