Source: Bloomberg
As the Chinese economy continues to sluggish, enterprises have become more careful, and the consumption rebound or delay of the consumption of the market will be more ingrained.
Simon Wang works in a multinational technology enterprise in East China. The company's group building did not hold a week across the country. Instead, employees were allowed to sit in a bus to a nearby city.Alex Zhang's energy investment company, one -third of the birthday gifts.Others said that the company asked them to travel by train instead of a plane.
Some old colleagues talked to Wang about the years when companies spent money in the past year. He was envious that he wanted to cry. After joining the company in 2020, the big scene was gone.
According to the data provided by the Shanghai Research Company Eri Consultation, the company's spending on travel, catering and employee welfare last year was 7 trillion yuan, a decrease of about 3%compared with the 2019 epidemic.The proportion of corporate expenditures in the total retail sales of China is about 15%, which is an important force for economic growth.
In recent years, with the slowdown of the economy and the decline in the real estate industry, people are more willing to save money instead of consumption, and the idea of saving overdone is more firm.While decreased prices, while reducing corporate income, it also suppress demand.China also requires financial practitioners to correct their mentality and rectify hedonism, which has aggravated this problem.
"State -owned enterprises and other companies are tightening costs," said Iri analyst Sun TE, saying that even if companies are optimistic about their own income prospects, the economic environment may control the cost by themselves.
Enterprises saving expenditure may only start.China has recently demanded that local governments have "habitual lives", and some places have also put the promotion of official carpooling and incorporating anti -food waste into the opportunity to assess energy resource assessment.
These measures may make the economy worsen.According to UBS securities estimates, about one -fifth of China's total retail volume is related to government expenditure.
