Insight Report 5 minutes PremiumChinese Discretionary Spending Slowing as Singles’ Day Nears Coresight Research October 29, 2018 Executive SummaryAs China prepares for the 10th annual Singles’ Day shopping festival, we take note of the following recent developments in the Chinese economy: Comps have been weakening at large food and beverage merchants. Consumers are registering lower intention to spend on big purchases. Consumer confidence has been declining. China’s GDP growth slowed slightly quarter over quarter in the third quarter, while retail sales in September grew strongly year over year. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes SalesEarnings Insights 4Q23, Week 1: Deckers, Clorox and Walgreens Report Strong Results; Columbia Sportswear Sees Sales DeclineA Guide to NRF 2024: Retail’s Big Show—Looking Ahead to Insights and Perspectives on Six Critical Topics in RetailShoppers Enter “Summer Mode”: US Consumer Tracker 2023, Week 26