China News - February edition
February 09 2017
We have witnessed the changing trends in Chinese consumer behaviour over the last 18 months, a result of evolving lifestyle choices, consumer mentality and a rapidly growing population. Here are some great articles we have found that provides considerable insight into these trends.
Aussie wine exporters expect to benefit as tariffs to China shrink
China is the largest export market for wine, with the export side of the industry now worth almost $375 million annually. Australian winemakers and exporters are hoping for a boost in profits, as tariffs to China are further reduced as a result of the ChAFTA.
Brewer optimistic about growth
China Daily Europe 20/1/2017
One of the world's biggest brewer, is optimistic about maintaining double-digit growth in sales of its super premium brands in China this year, as demand continues to increase.
Agriculture products, imported goods bestsellers for Lunar New Year
The Spring Festival has become an occasion for Chinese families to indulge in major shopping sprees. And agriculture products from rural China and imported goods are bestsellers as Chinese snap up gifts online for their family and friends in the anticipation for the celebratory feast.
How brick-and-mortar stores stay competitive against online stores
The brick-and-mortar stores in China are still struggling in a retail winter, and have been hit hard by the booming development of online shopping. This, however, does not mean the end of physical stores. In fact, there are niche for brick-and-mortar stores to grow even more.
Consumption surges during Lunar New Year holiday week
China Daily 7/2/2017
China saw robust consumption during the Chinese Lunar New Year holiday week. Sales revenue during this period topped 840 billion yuan ($140 billion) in the retail and catering industries, an 11.4 percent increase from last year.
Boost consumption growth by fostering innovative ideas
China Daily 9/2/2017
With consumption already contributing to about two-thirds of China's GDP growth, it is not surprising to see a huge shopping spree before and during Spring Festival, the single most important holiday for Chinese.