Chinese Consumers Aren't Spending as Much as Everyone Hoped

TAIPEI, Taiwan (TheStreet) -- Consumer spending was supposed to halt the slowdown in China's economy, but so far that hasn't happened. Chinese consumers, rather than spending freely with their growing wealth, are actually being cautious about purchases, which poses a challenge to companies hoping to tap the market of one billion consumers. China says it's adjusting to a new norm of tapering economic growth, as shown by 2014 GDP figures released this week. But the country has said less about wh...