the podcast on
China鈥檚 hotels are taking a hit, as a struggling economy hurts domestic spending.
China鈥檚 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
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
