Now Available: China Food & Drink Report Q1 2013
While we are bullish on the long-term prospects for the Chinese consumer sector, the country's domestic demand rebalancing is likely to be a long, drawn-out process. An acceleration of household spending driven by sizeable personal savings and rising wages would compensate for a reduction in capital outlay, helping to keep the economy motoring along at its current pace of expansion. Indeed, the vast size of China's consumer base, the undeveloped nature of organised retail, relatively low penetration of services, and...
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