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 subscribers only. Learn more about subscriptions here.If you are a subscriber, please log in. This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 13: UK Closures Up 45%Weekly US and UK Store Openings and Closures Tracker 2023, Week 36: Wilko Drives UK Store Closures Past 1,000May 2023 US Retail Traffic and In-Store Metrics: Recovery of Store-Based Sales Progresses as Year-Over-Year Declines SoftenThree Things You Need To Know: Inclusivity in Retail—Opportunities for 2023
