Country’s economic expansion is projected to decelerate sharply over the next few years, signaling deeper structural challenges.
Despite low consumer confidence, China’s services sector, particularly food service and air travel, is experiencing strong growth, according to McKinsey’s latest report.
Businesses reliant on China’s rapid expansion must reevaluate strategies as the country faces structural adjustments and demographic challenges.
High-spending consumers drive growth, while lighter spenders cut back, according to Boston Consulting Group report.
Daily news from our China desk
Unlock access to our Intel Dispatch
Kendall Jenner rocks Mo&Co’s Noir collection as new brand rep
Mac taps Jolin Tsai as global ambassador
F1’s Zhou Guanyu headlines Lululemon’s Shanghai fitness event
Hong Kong retail sales continue decline, dropping 9.7% in June
Hugo Boss misses Q2 expectations, struggles in China
Crocs posts 70% revenue surge in China
Canada Goose reports strong Apac growth, led by China
IWC Schaffhausen unveils exhibition at Chengdu IFS
Casetify unveils ‘Love Blossoms’ Qixi collection
South Korean online shoppers fuel 64.8% surge in Chinese imports
Bally showcases Fall/Winter collection in Beijing
Li Auto smashes delivery record with 51,000 cars in July
Get more news based on your interests