Chinese consumers are looking to buy more for less.Kevin Frayer/Getty ImagesChina's thrifty consumers are boosting Asian companies with wallet-friendly offerings.Companies like Japan's Saizeriya, Yum China, and Fast Retailing have recently reported strong sales.China is in a prolonged economic downturn, with once free-spending consumers now pinching pennies.China's consumers are tightening up their belts, but not everyone's a loser.
Similar Stories to Budget Brands Are Winning In China As People Turn To Cheap Food And Fashion on Bing News
htan@insider.com (Huileng Tan), Business Insider
Sun, 10/13/2024 - 5:00pm
Topics: lost decade kevin frayer/getty imageschina japan's saizeriya italian japanese hideharu matsutani nikkei mckinsey tokyo stock exchange lai pizza hut uniqlo chinese jason yu kantar worldpanel matthew low allison malmsten china asian japan japan's saizeriya yum china fast retailing august daxue consulting business insider kfc greater china bi budget people turn cheap food consumers economic year market products reported profit price companies strategy operating pricing sales country told shares increasingly company changing money research including experiences strong prolonged buy fiscal buying bubble goods grew spend asset original tea aggressive range boba affordable
BING NEWS:
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