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the global financial crisis inflence the the confidence of Chinese consumers
Posted on Oct-17-2008· by china investor
While the global financial crisis is not affecting China’s finance, it also inflence the confidence of Chinese consumers.
Such lingering doubts have prompted many Chinese consumers to exercise much greater caution in spending on non-essential goods as they prefer to put money aside for possible financial crisis ahead.
People change their past comsumption custom,for example,they would abandon some housing and luxury sales to have financial ability to face the worst possibly situation.
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