Insight Report 5 minutes PremiumChinese Discretionary Spending Slowing as Singles’ Day Nears Coresight Research October 29, 2018 Executive SummaryAs China prepares for the 10th annual Singles’ Day shopping festival, we take note of the following recent developments in the Chinese economy: Comps have been weakening at large food and beverage merchants. Consumers are registering lower intention to spend on big purchases. Consumer confidence has been declining. China’s GDP growth slowed slightly quarter over quarter in the third quarter, while retail sales in September grew strongly year over year. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Earnings Insights 1Q23, Week 4: Ross Stores, TJX and Walmart Post Strong Results; Alibaba Sees Slow GrowthGroceryshop 2024 “Shark Reef” Startup Pitch Competition: Preview—12 Innovators Enhancing the Supply Chain, Customer Experience and OperationsOctober 2023 Leading Indicators of US Retail Sales: Mixed Signals as Retail Heads into HolidayUS Store Tracker Extra, January 2023: US Retailers To Open 27 Million Square Feet of New Retail Space
