China 

China retailers plan to buy more imported goods to meet consumer demand

Chinese retailers and wholesalers plan to increase their purchases of imported products because demand for them among Chinese shoppers remains strong, according to survey results published by China’s Ministry of Commerce (Mofcom).Some 9.7 per cent of the 945 retail and wholesale firms that responded to the Mofcom survey said they would increase their consumer product imports in the next year, 2.5 percentage points higher than those planning to decrease their purchases.Of 1,059 consumers… Source link

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Investment 

Dutch consumer finance lender Home Credit, popular in China, plans to file US$1 billion IPO in Hong Kong

Home Credit, a consumer finance lender that counts China as its biggest market, said it plans to file an initial public offering in Hong Kong later this year, in what could be a potential test of investor appetite in the city’s markets.The filing on Monday comes two days after brewing giant Anheuser-Busch InBev scrapped plans for an offering of its Asian operations in Hong Kong, citing “prevailing market conditions”. The offering, which AB InBev hoped would raise as much as US$9.8 billion,… Source link

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Home 

Foreign investors unwind holdings in Chinese liquor giant Kweichow Moutai, consumer stocks amid stretched valuations

Trade in shares of liquor distiller Kweichow Moutai and major rival Wuliangye Yibin is showing signs of retreat as foreign investors trim their holdings in overcrowded Chinese consumer stocks.Global fund managers have sold a combined 422 million yuan (US$61.5 million) of Kweichow Moutai shares through the Stock Connect mechanism this month, while net selling of Wuliangye has totalled 1.2 billion yuan so far, according to the Hong Kong stock exchange. These fund managers were net buyers of these… Source link

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China 

China economy feels the strain as consumer prices soar and producer prices plummet to the brink of deflation

China’s inflation figures revealed two separate headaches for Beijing on Wednesday, with consumer prices continuing to rise, while the prices producers charged at factory gates in June threatened to dip into deflation.The consumer price index (CPI) stayed at 2.7 per cent, the same as in May, which was the highest reading for 15 months. This indicates that prices are continuing to rise for Chinese consumers at a time when the economy is battling serious headwinds on a number of different fronts… Source link

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Vietnam 

Việt Nam consumer confidence index rises to record high – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Consumer confidence index in the Asia Pacific in the first quarter of this year. — Photo Nielsen Vietnam HCM CITY — Việt Nam surpassed Indonesia to rank third in consumer confidence in the first quarter behind only the Philippines and India, according to the latest Conference Board Global Consumer Confidence Survey conducted in collaboration with global measurement company Nielsen. With a seven point increase from the fourth quarter last year, Việt Nam hit a record 129 points in the Consumer Confidence Index (CCI). Việt Nam’s was the biggest gain in…

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China 

China consumer inflation soars to 15-month high amid pork crisis, African swine fever epidemic

Chinese consumer inflation jumped to its highest level in 15 months in May, driven largely by soaring fresh fruit and pork prices as the effects of the African swine fever epidemic showed little signs of abating.The consumer price inflation (CPI) rate accelerated to 2.7 per cent in May from a year ago, its highest level since February 2018, up from 2.5 per cent in April, according to data released by the National Bureau of Statistics (NBS) on Wednesday. The rise was in line with expectations of… Source link

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Home 

China consumer market ‘too big to ignore’, to attract domestic and foreign M&A activity amid trade war

Deal making in China’s retail sector will thrive as economic uncertainty surrounding the US-China trade war and top-down stimulus to boost consumer spending push Chinese companies to focus on the domestic market, analysts have said.These same factors could also attract multinational companies to step in and fill gaps left behind by US players, and enhance their offerings in the mainland China market.“One of the implications of [the trade war] is that it becomes doubly important for China to… Source link

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Home 

The Protestant Work Ethic Effect on Consumer Choice

[Sponsored Article] Do Costly Options Lead to Better Outcomes: How the Protestant Work Ethic Influences the Cost-Benefit Heuristic in Goal Pursuit CHENG, Yimin | MUKHOPADHYAY, Anirban | SCHRIFT, Rom Y.  Journal of Marketing Research, 2016    The Protestant Work Ethic (PWE) is a belief system which includes the idea that hard work will breed success. According to the sociologist Max Weber, who introduced the idea, this belief system explains the development of Europe during the Industrial… Source link

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Home 

Alibaba, Tencent earnings to be watched for clues on consumer sentiment in China as trade war swirls

Alibaba Group Holding and Tencent Holdings will both report quarterly earnings on May 15, followed by Baidu on May 16, which will be closely scrutinised for any indication that growing trade tensions between the world’s two-biggest economies are impacting consumer sentiment in China. Alibaba China’s largest e-commerce operator blew past profit estimates in the previous quarter on growth in gross merchandise volume (GMV) and its cloud services business despite a slowing domestic economy. … Source link

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China 

China’s consumer spending surges over extended Labour Day holiday

Beijing’s decision to extend this year’s Labour Day holiday from 24 hours to 96 achieved the desired effect of increasing consumer spending, according to official figures.Between Wednesday and Saturday, revenue from tourism rose 16.1 per cent year on year to 117.7 billion yuan (US$17.5 billion), while the number of “tourists” rose 13.7 per cent to 195 million, the Ministry of Culture and Tourism said on its website.Also, cinema box office revenue over the period soared to more than 1.5 billion… Source link

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