Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
The Patriots released Antonio Brown only 11 days after signing the wide receiver.Sportsread more
The Wall Street Journal's report came as a top Ukraine official said President Donald Trump "is looking" for Ukraine officials to investigate business dealings of Biden's son...Politicsread more
A tour bus carrying Chinese-speaking tourists crashed near a national park in southern Utah, killing at least four people and critically injuring up to 15 others, authorities...U.S. Newsread more
Gun maker Colt announced Thursday that it will halt its production of AR-15 rifles for civilian sales, but the news might not be as exciting for gun control advocates as it...Guns and Weaponsread more
As thousands of people across the world participate in the Global Climate Strike, several Democratic presidential candidates have shared how they will take aggressive action...Scienceread more
With "tariff man" President Trump waging a tariff war and Democratic candidates pushing against big international deals, free trade has become politically homeless, writes...2020 Electionsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
Plummeting car sales, sluggish retail sales data, a cooling housing market — those are all stoking fears of weakening consumer spending in China amid its slowing economy. But analysts say they're not concerned, and expect Chinese shoppers to keep spending.
On Monday, China's top auto industry association reported that the country's automobile car sales in January fell 15.8 percent from a year earlier to 2.37 million. That marked the seventh straight month of declining sales in the world's largest auto market.
Citigroup's chief economist of China, Li-gang Liu, said he expects Beijing to announce some new measures to boost consumption, particularly in the auto sector.
In addition, the impact of personal income tax cuts — which China announced last year — should be considered, he told CNBC's "Squawk Box" on Tuesday. "Once the sentiment starts to stabilize, we think that consumers will be happy to consume again."
Despite rapidly increasing household debt, Liu thinks that "China's consumers still have further room to leverage up," as the ratio of savings to disposable income among the population is one of the highest among G-20 countries.
Another analyst, Oxford Economics senior economist, Tianjie He, said that fears of slower spending have been overstated.
"While we expect consumption growth to slow, we think that the anxiety about China's consumers is largely overdone," said He in a January note.
She explained that while total retail sales growth in 2018 declined to 6.9 percent year-on-year, from a 9.1 percent increase the year before, it does not include services which account for over 50 percent of total consumption. Slowing retail sales therefore "masked the solid growth in consumer spending on services," she said.
For example, urban household expenditure on healthcare rose by 15.1 percent year-on-year in 2018, compared to 9 percent in 2017, He added.
China's services sector maintained a solid pace of expansion in January even though growth moderated slightly, the Caixin/Markit services purchasing managers' index (PMI) showed.
In addition, sales of gold, silver and jewelry rose last year compared to 2017's growth rate, and luxury companies also reported "decent" increased sales in China in 2018, He said.
All that suggests that "the anxiety regarding China's consumers, which is largely based on waning demand for cars, is likely to be overdone."
While China has gone on a stimulus drive to revive its slowing economy, some analysts say the authorities have not done enough.
But Barclays Chief China Economist Jian Chang said she expects infrastructure investments to pick up in the middle of this year. That will help offset the effects of the slowing housing market and real estate investment in the country, she told CNBC's "Street Signs" on Monday.
More can be done to unlock the "positive property equity" that many Chinese households have, Citigroup's Liu said, referring to the real value of a property.
"If Chinese banks can offer various products such as home equity loans for people to withdraw their positive equity early on, this could create tremendous consumption power in China," he said.
In addition, rural land reforms in China could unleash a "wealth effect" among rural farmers, Liu added.
"If the government can firm up land leasing titles for rural farmers, this could create tremendous wealth effect among rural families. Our estimate is $20 trillion wealth effect among rural families."
"Down the road, China's consumption potential is huge," Liu concluded.