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. 

LISTEN ABOVE

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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Peter Lewis: Asia business correspondent discusses unemployment rates in China

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/56b843d0-0d19-4736-8459-b372006373f4/transcript

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