I searched for the median monthly salary in China and was shocked. Looking at the current decline in prices, this is not a downgrade in consumption. Instead, it is a return of prices to levels that match people's incomes. Pinduoduo is truly a blessing for the Chinese people!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
