Finance

China’s economy sees new pockets of growth in rising shopping trends

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A customer eyes the beverage section in a supermarket on June 9, 2021 in Handan, Hebei province.

Li Hao | Visual China Group | Getty Images

BEIJING — Chinese consumers spent less on daily necessities from foreign brands last year during the coronavirus pandemic, while those in smaller cities were more willing to spend than those in large ones, according to a report.

The report, co-authored by consultancy Bain & Company and analytics company Kantar Worldpanel, reflects pockets of growth in an economy that was already slowing its expansion before the pandemic.

The “China Shopper Report” — which the firms have conducted for 10 straight years — looks at a category called “fast-moving…



Source cnbc.com

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