ChinaEconomy

Brands Continue to Thrive Despite Consumption Dip in China

7 months ago

Despite discouraging data regarding consumption in China, several Western brands, such as Sam's Club and Lululemon, are showing resilient growth. The decline in purchasing power amongst Chinese consumers raises concerns for many companies, yet some are finding ways to adapt and even flourish in this environment. Research indicates that a shift towards new marketing strategies and changes in product assortments are allowing these brands to outperform general market trends.

UBS Lowers China Growth Forecasts Amid Deepening Property Downturn

7 months ago

Swiss investment bank UBS has revised its forecasts for China’s economic growth, expecting further slowdown due to worsening conditions in the property market. Following a continued weakness in the real estate sector, UBS predicts that the country's GDP growth rate for 2024 will be 4.5%, a significant drop from the previously expected 5%. The bank also highlighted that declining real estate sales and the deteriorating financial position of developers create uncertainty in the business environment.