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Chinese consumers won't return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley says

Starbucks opened its 6,000 store in mainland China in September 2022. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese consumer spending won’t return to pre-Covid levels anytime soon, a problem for international brands such as Starbucks, Morgan Stanley said in a report Sunday. Not only are people more cautious, […]

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