When Michael Jiang scored a liquor licence four years back, he had hoped it would help drive more sales at his struggling small grocery business in Sydney.Fast forward to the present, and Jiang finds himself wrestling with new challenges as stingy consumers and price wars have done little to boost earnings in an economy growing at its slowest pace in a decade.Moreover, even a welcome revival in the property market has only served to highlight a conundrum for policymakers, as the “wealth effect”…
Source : South China Morning Post
Read more…Australian property recovery fails to boost wider economy















