Mandarin Vocabulary: “消费降级” Consumption Downgrade

Today’s Mandarin language point is 消费降级. 消费 (xiāofèi – to consume) + 降级 (jiàngjí – to downgrade) = 消费降级 (xiāofèi jiàngjí – consumption downgrade).  From a cultural perspective, the phrase 消费降级 symbolizes the current idea business/economic climate in China; i.e. the cooling off of the Chinese economy. As of writing today, the Shanghai Composite Index … Read moreMandarin Vocabulary: “消费降级” Consumption Downgrade