Chinese may be cutting back on spending. But there’s one area that continues to grab wallet share

Chinese may be cutting back on spending. But there’s one area that continues to grab wallet share

Blend Images – Jade | Getty Images

An increase in spending by “young free spenders” in China are helping the local fitness industry, according to McKinsey’s bi-annual survey of the consumer released Thursday.
Despite U.S.-China trade tensions and a slowdown in domestic economic growth, these so-called young free spenders “have significantly boosted their purchases” from last year in nearly every…

View On WordPress