'Crying Horse' plushie resonates with Chinese consumers amid growing gloom
CNBC Television·2026-02-02 18:15

To get a sense of Chinese consumer confidence, visit Beijing toy seller Gaan. For the year of the horse, this frowning horse is selling out. A factory worker had mistakenly sewn the plushy smile upside down, creating a runaway hit here known as the crying horse. >> Nowadays, there's so much stress in our society. She says the crying horse reflects how people feel inside. The popularity of this horse is just one indication of a gloom in Chinese society that appears to be building as the economy slows down an ...