China’s hotels are taking a hit, as a struggling economy hurts domestic spending.  

China’s economy has been in decline for the past 4 years, and now budget hotels are having to slash their prices despite being full. 

Asia business correspondent Peter Lewis told Heather duPlessis-Allan that this is partly due to unemployment rates, with 1 in 5 Chinese people under the age of 24 being unemployed. 

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China’s hotels are taking a hit, as a struggling economy hurts domestic spending. &nbsp;
China’s economy has been in decline for the past 4 years, and now budget hotels are having to slash their prices despite being full.&nbsp;
Asia business correspondent Peter Lewis told Heather duPlessis-Allan that this is partly due to unemployment rates, with 1 in 5 Chinese people under the age of 24 being unemployed.&nbsp;
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Peter Lewis: Asia business correspondent discusses unemployment rates in China

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/aa161aa7-0128-4718-9fdc-b37200637f85/transcript