Compared to Americans, Chinese people are more inclined to save their money in banks rather than spend it.

Wealth management in China is still in its infancy. Although people want to invest, they don’t have many channels.

The economy is still on a fast track, the demand for production materials is robust, and oil prices remain high, which will combine to offset flat retail prices.

While city people continued their strong spending, rural people have increased their spending only gradually due to lower incomes. This trend will continue for the rest of this year.