Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Insight Reports 5 minutes premium

Chinese Discretionary Spending Slowing as Singles’ Day Nears

#
Coresight Research

Key Points

As 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.
premium

This report is for Premium subscribers only. Learn more about subscriptions here.

Other research you may be interested in:

×
Do NOT follow this link or you will be banned from the site!

GET OUR DAILY INSIGHTS