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[E005]China entering New Year with fewer crackers, less pork……

Yahoo! LearnAndRecord 2022-07-26

摘自:【Yahoo News Digest】


Chinese New Year will be a thrifty[节俭的;节约的;茁壮的;茂盛的] one for many in China this year, as people cut on gifts, food and decorations because of the country’s economic slowdown. For many Chinese the coming year holds even less promise than 2014, when growth slowed to a 24-year-low of 7.4 per cent. A weak property market[地产市场;房地产市场;物业市场], slowing inflation[通胀不断放缓] and deteriorating[退化,恶化] domestic and foreign demand[内外需求] all point to further gloom.

We’ve seen our domestic sales drop 40 per cent and the fundamental reason has been because of China’s economic slowdown.

Ding Shen, owner of a firecracker[鞭炮,爆竹] store in China

As consumers tighten their belts, the price of pork - known as China’sindispensable meat - has also been hit. Pork prices tend to rise in the month before the holiday. But this year, according to official data, they slipped. Bookings for the Lunar New Year Eve[除夕夜] dinner on Feb. 18 are as high as ever, but customers are opting for cheaper set menus[套餐].

Usually corporate gifts[公司礼品,商务礼品] include pork products like dried meat but that has declined significantly this year.

Pan Chenjun, a senior analyst at Rabobank


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