Ou Chengbi, a butcher at a sweltering open-air market on the outskirts of Guangzhou in southeastern China, can scarcely see signs of recovery in her country’s economy. Dripping with perspiration near unrefrigerated slabs of beef in her stall, she described how as recently as last winter she could still chop up an entire cow each day and sell it all.
“Now I can only sell half a cow a day,” she said.
Millions of Chinese businesspeople like Ms. Ou seem to be struggling, even as data suggest growth is stabilizing.
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