<2> China’s Shifting Consumer Landscape: Prioritizing Security Over Splurges
<3> The Rise of Prudence in China’s Consumer Market
< href='https://www.bloomberg.com/news/articles/2023-01-09/china-retail-sales-rise-10-6-in-january' target='_blank'>Bloomberg reports that China’s household savings rate has reached a record high, with the average household saving 30% of its income. This is a significant increase from the 20% savings rate seen just a few years ago