China's Qixi Festival Declines

This is a China news story, published by Yahoo Finance, that relates primarily to Nicolas Hieronimus news.

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Qixi Festival

CNN

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Young people in China aren’t spending on romance. That’s a problem

Summary

Nutrition label

81% Informative

Qixi Festival is an ancient Chinese holiday celebrating love and loyalty.

People went online to complain about the lack of gift giving and festive spirit.

China is currently plagued by a litany of woes from sluggish consumer spending to a persistent property slump and a mounting debt crisis.

The lackluster mood is also affecting the Chinese government’s efforts to encourage marriage as a way of addressing falling birth rates.

Global CEOs are no longer able to count on China as a commercial stalwart.

L'Oreal CEO Nicolas Hieronimus : "The only part of the world where consumer confidence remains very low is China " Advertising agency WPP said last week that second-quarter revenue in China plunged almost a quarter on the previous year .

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language

not offensive

Hate speech

not hateful