Source: China – South China Morning PostThe new Delta variant outbreak that started in China’s Nanjing could heap further downward pressure on the nation’s slowing retail spending and may worsen factory activity, possibly exacerbating an anticipated economic slowdown in the latter part of the year, analysts said.The world’s second-biggest economy, already on alert for an impending economic crunch, now faces a bigger slide in consumer spending due to slower tourism and travel caused by lockdowns to control the outbreak, which has…Read More