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Chinese consumers are saving more than they're spending, says analyst
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August 7, 2024August 7, 2024Earnings

U.S. consumer giants have one big sales problem: China

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Pictured here is a McDonald’s store in Yichang, Hubei province, China, on July 30, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market. The Chinese economy — home to more than four times the population of...