Retail giants bullish on consumption rebound
1 week, 1 day ago

Retail giants bullish on consumption rebound

China Daily  

China Daily | Updated: 2025-03-25 10:30 Q4 Driving domestic consumption is one of the top priorities for China to spur economic growth this year. LIU: China's consumption potential remains robust, driven by a growing middle-income group and policy incentives like duty-free expansion. ZHANG: With its 1.4 billion population, China's market presents unparalleled potential for baked goods industry growth. YOOVIDHYA: China's focus on expanding domestic demand and boosting consumption reflects both global economic uncertainties and the country's transition to a new stage of high-quality growth. As a leading company in the global energy drink industry, TCP Group sees significant opportunities in China's market, where Red Bull is already a trusted and well-established brand.

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History of this topic

Retail giants bullish on consumption rebound
1 week, 1 day ago

Retail giants bullish on consumption rebound

China Daily  

Editor's Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. LIU: The two sessions introduce policies focused on deepening reforms and expanding high-level opening-up, especially those in line with initiatives like the 2025 Action Plan for Stabilizing Foreign Investment. As an ultra-premium New Zealand pet food brand in China, Ziwi has experienced China's open and …

Retail giants bullish on consumption rebound
1 week, 1 day ago

Retail giants bullish on consumption rebound

China Daily  

China Daily | Updated: 2025-03-25 10:30 Q5 As China continues to pursue high-quality development along a Chinese path to modernization, what opportunities do you anticipate for your business as this process gains more traction? ZHANG: China's high-quality development and modernization path present exciting opportunities for Bimbo to align with health-conscious consumption, intelligent manufacturing and rural vitalization initiatives. China's 14th Five-Year …

MOC expects consumption to steadily grow this year
Trending News
1 week, 1 day ago

MOC expects consumption to steadily grow this year

China Daily  

China's consumption market will continue to show a stable development trend this year, fueled by the continuous efforts of various policies and measures to help expand domestic consumption, the Ministry of Commerce said on Tuesday. In the first two months of this year, total retail sales of consumer goods reached 8.37 trillion yuan, up 4 percent year-on-year, and the growth …

MOC expects consumption to steadily grow this year
Trending News
1 week, 1 day ago

MOC expects consumption to steadily grow this year

China Daily  

China's consumption market will continue to show a stable development trend this year, fueled by the continuous efforts of various policies and measures to help expand domestic consumption, the Ministry of Commerce said on Tuesday. In the first two months of this year, total retail sales of consumer goods reached 8.37 trillion yuan, up 4 percent year-on-year, and the growth …

Retail giants bullish on consumption rebound
Top News
1 week, 1 day ago

Retail giants bullish on consumption rebound

China Daily  

China Daily | Updated: 2025-03-25 10:30 Editor's Note: This year marks a critical milestone as China concludes its 14th Five-Year Plan. LIU: The two sessions introduce policies focused on deepening reforms and expanding high-level opening-up, especially those in line with initiatives like the 2025 Action Plan for Stabilizing Foreign Investment. As an ultra-premium New Zealand pet food brand in China, …

Stay vigilant: China’s economic woes could spill over
2 weeks ago

Stay vigilant: China’s economic woes could spill over

Live Mint  

As a tariff-happy America under Donald Trump puts China’s export-oriented economy on notice with trade barriers, Beijing is doubling down on efforts to stimulate domestic demand. Under it, China’s government has announced dozens of small moves aimed at easing people’s financial burden and pushing fiscally strapped local administrations to clear their dues to businesses. Beijing hopes to sustain last year’s …

Stay vigilant: China’s economic woes could spill over
2 weeks ago

Stay vigilant: China’s economic woes could spill over

Live Mint  

As a tariff-happy America under Donald Trump puts China’s export-oriented economy on notice with trade barriers, Beijing is doubling down on efforts to stimulate domestic demand. Under it, China’s government has announced dozens of small moves aimed at easing people’s financial burden and pushing fiscally strapped local administrations to clear their dues to businesses. Beijing hopes to sustain last year’s …

China's retail sales, investment pick up pace
2 weeks, 2 days ago

China's retail sales, investment pick up pace

China Daily  

China's economy continued to recover in the first two months this year as consumption and investment showed improvement, official data showed on Monday, making a steady start for 2025. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.9 percent over the January-February period from a year earlier after a …

China's retail sales, investment pick up pace
2 weeks, 2 days ago

China's retail sales, investment pick up pace

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2025-03-17 10:00 China's economy continued to recover in the first two months this year as consumption and investment showed improvement, official data showed on Monday, making a steady start for 2025. China's value-added industrial output - a gauge of activity in the manufacturing, mining and utilities sectors - grew by 5.9 percent over …

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite
2 weeks, 3 days ago

China economy: Beijing unveils plan to boost consumption as Trump tariffs bite

CNN  

Hong Kong CNN — China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic impact of tariffs imposed by US President Donald Trump. The plan builds on Premier Li Qiang’s promise during a major political meeting earlier this month to ensure that the “giant ship of China’s economy” will “sail steadily …

China's consumption upgrade presenting new opportunities
Trending News
1 month, 1 week ago

China's consumption upgrade presenting new opportunities

China Daily  

A consumer shops at a supermarket in Tengzhou, Shandong province, on April 11. SUN YANG/XINHUA BEIJING — Whether it's purchasing premium goods at large supermarkets, selecting the latest smart home appliances at electronics stores, or indulging in cross-border travel, China's consumer market is demonstrating recovery and ongoing upgrades. Walmart's results report for its third fiscal quarter in 2024 revealed that …

China's consumption upgrade presenting new opportunities
Trending News
1 month, 1 week ago

China's consumption upgrade presenting new opportunities

China Daily  

A consumer shops at a supermarket in Tengzhou, Shandong province, on April 11. SUN YANG/XINHUA BEIJING — Whether it's purchasing premium goods at large supermarkets, selecting the latest smart home appliances at electronics stores, or indulging in cross-border travel, China's consumer market is demonstrating recovery and ongoing upgrades. Walmart's results report for its third fiscal quarter in 2024 revealed that …

Chinese economy expected to rebound continuously in 2025: economist
Trending News
1 month, 3 weeks ago

Chinese economy expected to rebound continuously in 2025: economist

China Daily  

The skyline of Beijing. The Chinese economy is expected to rebound continuously in 2025 despite new variables, an economist said as reported by Chinese financial news outlet Yicai on Sunday. The unprecedented popularity of the domestic cultural and travel consumption market during the Spring Festival holiday and the emergence of DeepSeek AI model have contributed to people's confidence in the …

Even festive spending isn't bringing cheer to sluggish Chinese economy
1 month, 3 weeks ago

Even festive spending isn't bringing cheer to sluggish Chinese economy

Firstpost  

Even as China pushes to revive consumer demand, analysts remain skeptical. Citic Securities forecasts a modest 0.3 per cent rise in consumer prices this year, with factory prices not coming up in green, but only narrowing their decline to 1.4 per cent in 2025 People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day …

Even festive spending isn't bringing cheer to sluggish Chinese economy
1 month, 3 weeks ago

Even festive spending isn't bringing cheer to sluggish Chinese economy

Firstpost  

Even as China pushes to revive consumer demand, analysts remain skeptical. Citic Securities forecasts a modest 0.3 per cent rise in consumer prices this year, with factory prices not coming up in green, but only narrowing their decline to 1.4 per cent in 2025 People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day …

Consumers to play bigger role in spurring growth
2 months, 1 week ago

Consumers to play bigger role in spurring growth

China Daily  

A consumer checks out Lenovo laptops in Shanghai in May. CHINA DAILY China's consumption, powered by a more proactive fiscal policy and a moderately loose monetary policy, will bring out greater vitality and play a bigger role in spurring overall economic growth this year, said officials and executives. In particular, the country's trade-in initiatives, which have contributed to a more …

Retail outlets reflect changing consumer habits
3 months ago

Retail outlets reflect changing consumer habits

China Daily  

Citizens buy clothes at a retail outlet in a subway station in Wuhan, Hubei province, in December. CHINA DAILY In China's retail landscape, outlet malls are emerging as a major force, offering significant discounts on global brands and innovative shopping experiences. Chen Yabo, head of the China Outlets Association, said, "Outlets in China have become a key retail channel, distinct …

Retail outlets reflect changing consumer habits
3 months ago

Retail outlets reflect changing consumer habits

China Daily  

Citizens buy clothes at a retail outlet in a subway station in Wuhan, Hubei province, in December. CHINA DAILY In China's retail landscape, outlet malls are emerging as a major force, offering significant discounts on global brands and innovative shopping experiences. Chen Yabo, head of the China Outlets Association, said, "Outlets in China have become a key retail channel, distinct …

China’s Services Activity Jumps as Stimulus Boosts Local Demand
3 months ago

China’s Services Activity Jumps as Stimulus Boosts Local Demand

Live Mint  

China’s services activity expanded at the fastest pace in nine months while the manufacturing sector grew for a third straight month, signaling improving domestic demand after Beijing’s stimulus blitz. “But the boost probably won’t last more than a few quarters, with Trump likely to follow through on his tariff threat next year and persistent structural imbalances still weighing on the …

Targeted measures to boost consumption
3 months, 1 week ago

Targeted measures to boost consumption

China Daily  

Consumers check out festive products in Nanjing, Jiangsu province, on Friday. LIU JIANHUA/FOR CHINA DAILY China will roll out an array of targeted measures to simultaneously boost consumption and deliver tangible benefits to the people after policymakers signaled a shift in prioritizing the expansion of domestic demand amid external uncertainties during a recent tone-setting meeting, officials and analysts said. "Boosting …

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push
3 months, 2 weeks ago

November blues: Retail slump, property woes show China’s economy not responding to Xi’s push

Firstpost  

China’s economy in November has sparked concerns about its ability to boost domestic demand in a world full of uncertainties. Reports from the South China Morning Post and The Economic Times highlight mixed results in key areas like retail sales, property investments and industrial output. The South China Morning Post noted that while November’s retail figures seemed weak, combining data …

China’s weak consumption drags on economy as Trump tariff threat looms
3 months, 2 weeks ago

China’s weak consumption drags on economy as Trump tariff threat looms

CNN  

Beijing Reuters — China’s industrial output growth quickened slightly in November, while retail sales disappointed, keeping alive calls for Beijing to ramp up consumer-focused stimulus as policymakers brace for more US trade tariffs under a second Trump administration. “China’s economic policies have been amazingly consistent in promoting manufacturers over consumers despite clear signs of lasting weakness,” said Dan Wang, a …

Moves seen helping boost consumption
4 months, 3 weeks ago

Moves seen helping boost consumption

China Daily  

Consumer products on display at the ongoing China International Import Expo in Shanghai. ZHANG WEI/CHINA DAILY China's recent introduction of a potent stimulus policy package, including dedicated efforts to shore up consumer spending, will provide massive opportunities for global businesses keen to tap into its super-sized market and facilitate the transition toward a consumption-led growth model, global executives said on …

$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy
5 months, 1 week ago

$1.80 dinners and budget clothes? The spread of frugality is hurting China’s economy

LA Times  

China’s 1.4 billion consumers once spent with enough abandon to help drive the global economy. While the bigger factor is a worsening real estate downturn, which has eroded demand for commodities and diminished a crucial vehicle for household wealth and investment, economists say China’s economy is unlikely to recover without a rise in domestic spending. Chinese consumers are going through …

China reports surge in home appliance sales under trade-in program
6 months ago

China reports surge in home appliance sales under trade-in program

China Daily  

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING - The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan since August, the latest data from the Ministry of Commerce showed. MOC data showed that green and smart …

China reports surge in home appliance sales under trade-in program
6 months ago

China reports surge in home appliance sales under trade-in program

China Daily  

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING - The ongoing trade-in program for home appliances has led to a surge in sales revenues which topped 33.5 billion yuan since August, the latest data from the Ministry of Commerce showed. MOC data showed that green and smart …

China grappling with weak consumer demand
6 months ago

China grappling with weak consumer demand

China Daily  

By Sheng Songcheng | China Daily | Updated: 2024-09-30 07:48 AI China's economy is grappling with the significant challenge of weak consumer demand. If we raise this threshold from 5,000 yuan to 8,000 yuan, it is estimated that the annual tax revenue could decrease by about 30 billion yuan, which makes up for just 0.17 percent of the total tax …

China steps up efforts to boost domestic demand
6 months, 1 week ago

China steps up efforts to boost domestic demand

China Daily  

A consumer learns about trade-in plans for home appliances at a store in Chongqing in July. SUN KAIFANG/FOR CHINA DAILY BEIJING -- The National Development and Reform Commission, China's top economic planner, said Thursday that it is intensifying efforts to spur investment and consumption in its bid to bolster domestic demand. Specifically, the NDRC will continue to support government investment …

China's industrial output, retail sales continue to rise in August
6 months, 2 weeks ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
6 months, 2 weeks ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

China's industrial output, retail sales continue to rise in August
6 months, 2 weeks ago

China's industrial output, retail sales continue to rise in August

China Daily  

China reported key economic figures on Saturday showing slower growth on industrial production, consumer spending, and investments, which called for greater policy support to consolidate the country's economic recovery. Figures released on Saturday by the National Bureau of Statistics showed China's value-added industrial output, a gauge of activity in the manufacturing, mining, and utilities sectors, grew by 4.5 percent in …

Efforts to boost consumption urged
7 months ago

Efforts to boost consumption urged

China Daily  

A growing number of economists are calling on Chinese policymakers to ramp up efforts to revive consumer sentiment and stabilize expectations, in a bid to address the pressing challenges of still-weak domestic demand and to bolster the world's second-largest economy. Among the traditional trio driving China's economic development — exports, investment and consumption — the economists emphasized that boosting consumption …

Experts see economy stabilizing
7 months, 1 week ago

Experts see economy stabilizing

China Daily  

A worker conducts motion tests on AGV handling robots at the integrated AMT workshop of FAW Jiefang Automotive Co, a subsidiary of China FAW Group, in Changchun, Jilin province, on Aug 5, 2024. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces will inject fresh …

Experts see economy stabilizing
7 months, 1 week ago

Experts see economy stabilizing

China Daily  

China's economy is likely to gradually stabilize in the third and fourth quarters, as policymakers are poised to step up stimulus measures aimed at stabilizing growth and deepening economic structural reforms, prominent economists said on Monday. Consumption will remain a key growth driver in the remaining months this year, while the country's accelerated push for fostering new quality productive forces …

Experts call for further restoring consumer sentiment
7 months, 2 weeks ago

Experts call for further restoring consumer sentiment

China Daily  

Customers select fruit at a supermarket in Dongying, Shandong province, earlier this month. LIU ZHIFENG/XINHUA Restoring consumer sentiment and revitalizing confidence among consumers will be among the key priorities for China's economic growth for the rest of this year, as policymakers shift their focus more toward seeking a consumer-led recovery, according to experts. "Although the economy still faces several headwinds, …

China’s economy fails to pick up after worst stretch in five quarters
7 months, 2 weeks ago

China’s economy fails to pick up after worst stretch in five quarters

Hindustan Times  

China’s weakening economic momentum failed to pick up as sluggish confidence weighs on consumption and investment, putting the government’s annual growth target at risk. “It tells us that maybe one day, the weakness in the demand-side will return to bite the other side.” The latest snapshot of the $17 trillion economy shows domestic demand is barely benefiting from recent government …

China reports growth in the consumer economy
7 months, 2 weeks ago

China reports growth in the consumer economy

China Daily  

chinadaily.com.cn| Updated :2024-08-15 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up …

China reports growth in the consumer economy
7 months, 2 weeks ago

China reports growth in the consumer economy

China Daily  

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

China reports growth in the consumer economy
7 months, 2 weeks ago

China reports growth in the consumer economy

China Daily  

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

China reports growth in the consumer economy
7 months, 2 weeks ago

China reports growth in the consumer economy

China Daily  

By Ouyang Shijia | chinadaily.com.cn | Updated: 2024-08-15 10:01 China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by …

China reports growth in the consumer economy
7 months, 2 weeks ago

China reports growth in the consumer economy

China Daily  

China reported major economic data on Thursday that pointed to faster growth on the consumer side while both industrial production and investment grew at a slower pace in July. Figures released on Thursday by the National Bureau of Statistics showed China's retail sales, a key measurement of consumer spending, grew by 2.7 percent year-on-year in July, up from the 2 …

Economists advocate direct support to consumers
7 months, 2 weeks ago

Economists advocate direct support to consumers

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

Economists advocate direct support to consumers
7 months, 2 weeks ago

Economists advocate direct support to consumers

China Daily  

Tourists visit a cultural block in Xiangyang, Hubei province, June 10, 2024. China's central government should consider additional direct support to consumers worth at least 1 trillion yuan — either cash or vouchers — in the rest of the year to effectively address the pressing challenge of lackluster domestic demand, economists from government-backed think tanks said. Consumption — which contributed …

China sees mild price growth as consumer demand expands
7 months, 3 weeks ago

China sees mild price growth as consumer demand expands

China Daily  

BEIJING - China's consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer price index, a main gauge of inflation, was up 0.5 percent year-on-year in July, slightly higher than the 0.2 percent increase in June, according to the National Bureau of Statistics. NBS statistician Dong Lijuan said that …

China sees mild price growth as consumer demand expands
7 months, 3 weeks ago

China sees mild price growth as consumer demand expands

China Daily  

BEIJING - China's consumer prices gained mild growth in July as the domestic consumer demand continued to expand, official data showed Friday. The consumer price index, a main gauge of inflation, was up 0.5 percent year-on-year in July, slightly higher than the 0.2 percent increase in June, according to the National Bureau of Statistics. NBS statistician Dong Lijuan said that …

China’s exports grow 7% in July, under forecasts, while imports gain momentum
7 months, 3 weeks ago

China’s exports grow 7% in July, under forecasts, while imports gain momentum

Associated Press  

BANGKOK — China’s exports rose 7% in July from a year earlier, below economists’ forecasts for growth closer to 10% as trade tensions and weakening growth in the United States and other major markets weighed on demand. Imports climbed 7.2% to $215.9 billion, picking up momentum on stronger trade with other Asian countries that now supply many industrial components, materials …

Burgers, botox and birkins: Consumer pullback in China and US hits broadly
7 months, 4 weeks ago

Burgers, botox and birkins: Consumer pullback in China and US hits broadly

Live Mint  

Midway through the year, leaders of some of the biggest companies are seeing signs of troubles in the world’s two biggest economies. P&G said price hikes had slowed to just 1% globally, while sales from China’s recent 618 shopping festival, an annual online shopping event, suggested that consumers there were spending less even with significant discounts from retailers. Botox maker …

To revive the economy, China wants consumers to buy better stuff
7 months, 4 weeks ago

To revive the economy, China wants consumers to buy better stuff

Live Mint  

Everywhere you look, the world’s politicians face tough economic choices. A survey by China’s central bank in April showed that over 60% of city-dwellers want to increase the amount in their savings accounts. America’s cash-for-clunkers programme, introduced in 2009 during the global financial crisis, prompted 360,000 extra car purchases in two months, according to Atif Mian of Princeton University and …

Improve consumption for high-quality growth
8 months ago

Improve consumption for high-quality growth

China Daily  

Shoppers pick fruit at a supermarket in Beijing, May 12, 2024. The central authorities have recently called on boosting consumption, namely enhancing the purchasing power and willingness of middle-and low-income groups. This cannot be separated from increased income, as income growth directly enhances residents' purchasing power and stable income growth increases people's willingness to consume. Further, since low-income groups in …

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