China Economic ReviewThe parent company of KFC, Taco Bell and Pizza Hut remains optimistic about the China market, despite predictions that China’s economic growth will slow to single digits this year for the first time since 2002, Reuters reported. In a conference call with analysts, Yum Brands CEO David Novak said he agreed with estimates that China’s […]
China stepped up efforts to contain the fallout from the tainted dairy scandal over the weekend, announcing a new survey of dairy products and issuing new quality assurance measures, AFP reported. The survey conducted by the General Administration of Quality Supervision, Inspection and Quarantine (Aqsiq) tested more than 600 batches of liquid milk from 27 […]
China’s retail sales rose 21% to US$61 billion during the week-long National Day holiday versus the same time period last year, state media reported, citing data from the Ministry of Commerce. More than 18.29 million people traveled throughout the country, a 13.2% year-on-year increase, according to statistics from the National Tourism Administration. Retail sales in […]
One’s first impression upon visiting a Chinese Ikea outlet is of the crowd: Examining the model kitchens, taking measurements of couches, lining up for Swedish meatballs at the cafeteria. But Paul French, chief China representative of market research firm Access Asia and a regular contributor to CHINA ECONOMIC REVIEW, believes the real story is at […]
China’s consumers may be increasingly liberal in their spending habits, but that has not always translated into success for retailers. Many are dragged into cut-price competition and few are able to truly differentiate themselves. Nowhere is that more true than the consumer electronics retail segment – despite this being ranked as the category most Chinese […]