China consumer spending to rise in 2025, but only modestly, Bain and Kantar say

Quick Summary:

Report predicts a single-digit percentage rise in the value of consumer spending next year, as volume rises while price pressures continue.

Over the first nine months of 2024, FMCG sales increased 0.8 per cent from the same period in 2023, a result of a 4.6 per cent increase in volume along with a 3.6 per cent decrease in average selling prices, the report said.

The mild growth followed a 1.6 per cent year-on-year rise in the previous quarter.

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Article Details

Author / Journalist: Daniel Ren

Category: Business

Markets: Hong KongChina

Topics: Year Market Proactive 2024 Time Confidence Joint Cent Consumer Bain First

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 21:35:50 (3 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 298 words

Reading Time: 2 minutes read

Sentences: 8 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24404218

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