China's financial regulator has directed banks to boost consumer lending and credit card utilization to bolster consumer confidence amidst economic concerns. Nayuki projects an adjusted net loss of up to 970 million yuan by 2024, citing consumption challenges and competitive pressures. Xiabu Xiabu foresees a 20 percent revenue drop in 2024, influenced by weakened consumer spending affecting its brand. The 0.7 percent decrease in China's consumer price index in February 2024 indicates persistent challenges in consumer spending and market sentiment.