{"id":144520,"date":"2026-01-20T07:00:33","date_gmt":"2026-01-20T07:00:33","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=144520"},"modified":"2026-01-20T07:00:33","modified_gmt":"2026-01-20T07:00:33","slug":"chinas-consumers-refuse-to-open-their-wallets-is-luxury-phobia-the-problem","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=144520","title":{"rendered":"China\u2019s consumers refuse to open their wallets. Is \u2018luxury-phobia\u2019 the problem?"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostAs China struggles to boost consumer spending, a professor at one of the country\u2019s top universities has argued that authorities first need to overcome a psychological barrier: a deep-seated \u201cluxury-phobia\u201d that has taken hold among the Chinese public.<br \/>\nThe suggestion by Su Jian, a professor at Peking University, comes amid a debate in Chinese policy circles about how to revive the country\u2019s sluggish demand, with retail sales slowing despite government efforts to rebalance the economy towards a&#8230;<a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3340525\/chinas-consumers-refuse-open-their-wallets-luxury-phobia-problem?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostAs China struggles to boost consumer spending, a professor at one of the country\u2019s top universities has argued that authorities first need to overcome&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/144520"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=144520"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/144520\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=144520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=144520"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=144520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}