China’s Recovery Threatened by Surging Prices, Stagnant Wages
Shoppers browse household products and diapers at a pharmacy in the Sheung Shui district near the border with mainland China, in Hong Kong, China. (Photographer: Billy H.C. Kwok/Bloomberg)

China’s Recovery Threatened by Surging Prices, Stagnant Wages

(Bloomberg) -- First the pandemic and now floods are slashing the spending power of Chinese households this year, as stagnant incomes and rising costs undermine the strength of the domestic recovery.
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