{"id":10614,"date":"2022-08-02T01:29:00","date_gmt":"2022-08-01T16:29:00","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=10614"},"modified":"2022-08-01T13:30:19","modified_gmt":"2022-08-01T04:30:19","slug":"warc-august-1","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=10614","title":{"rendered":"WARC (August 1)"},"content":{"rendered":"<p>\u201cWhether it\u2019s $18 for a two-ounce ginseng drink or $75,000 for a luxury mattress, the story is the same: Chinese consumers are becoming more frugal and the days of carefree spending have gone.\u201d For over a decade, upmarket western brands have relied on China\u2019s \u201cexpanding middle class\u201d to drive growth, \u201cbut now, with a slowing economy, growing unemployment and a disruptive zero-COVID policy, those same middle classes are as likely to be saving as spending.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cWhether it\u2019s $18 for a two-ounce ginseng drink or $75,000 for a luxury mattress, the story is the same: Chinese consumers are becoming more frugal and the days of carefree spending have gone.\u201d For over a decade, upmarket western brands have relied on China\u2019s \u201cexpanding middle class\u201d to drive growth, \u201cbut now, with a slowing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[13009,6,41,10472,215,6659,787,991,13011,409,12,4584,13010,12307],"class_list":["post-10614","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-carefree","tag-china","tag-consumers","tag-frugal","tag-growth","tag-luxury","tag-middle-class","tag-saving","tag-slowing-economy","tag-spending","tag-unemployment","tag-upmarket","tag-western-brands","tag-zero-covid"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/10614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10614"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/10614\/revisions"}],"predecessor-version":[{"id":10615,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/10614\/revisions\/10615"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}