Insight ReportChinese 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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: AI Insights: Instacart CEO Fidji Simo To Join OpenAI as CEO of ApplicationsWeekly US and UK Store Openings and Closures Tracker 2025, Week 6: Bargain Hunt and Liberated Brands To Close About 200 StoresWeekly US Store Openings and Closures Tracker 2026, Week 11: Dollar Tree and Ollie’s Bargain Outlet Take Total Store Openings Ahead of ClosuresSentiment, Tariffs and Inflation—How Is the US Shopper Reacting? US Consumer Survey Insights
