1/8 (opens in new tab)

1/8 FT: "That said, “the weakness in consumption is more structural”, Logan Wright added." He's right. Every month there are incremental explanations as to why consumption was weak "last month", but the problem is not temporary. It is structural. 2/8 The property sector can stabilize, the Iran war can end, the weather can get better, a new toy fad can emerge, Beijing can launch another consumption program, but while these may all cause temporary increases in consumption, overall consumption w...