Tag: what is 消费降级 in China

当下中国，消费降级还是升级？

【消费降级 xiāo fèi jiàng jí】 指在收入或预期收入减少、经济压力增大时，主动或被动地减少非必要开支，选择更便宜、更实用的商品或服务。 Originally about spending less due to financial pressure; now also a conscious lifestyle choice to avoi...

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