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Consumer goods and services
Consumer Goods & Retail is the largest services sector, providing the necessary link between producers and final consumers. The sector has a major socio-economic role, being among the biggest employment generators and contributors to economic growth. It is highly heterogeneous, using a variety of formats and channels to meet the needs of the more sophisticated global consumer. In today’s digital era, the increasing penetration of everyday life by information and communications technologies is reshaping the purchase decision process. This promotes the rapid development of online retail solutions that enhance customer retention and create tailor-made experience through both digital and mobile platforms.
Activities associated with Consumer Goods & Retail are the manufacturing and retailing of goods intended for everyday use by end consumers. Examples include food, textile products, apparel and footwear, household goods, furniture, hygiene and personal care products, jewellery, toys and sporting goods. It also covers all retail channels, from traditional supermarkets and specialised stores to non-store retailers such as e-stores, mail-order houses and direct selling establishments. Retai🔯l sale of fuels and vehicles is also included in this sector. 🦹
In the second quarter of 2021, the sales revenue of China’s retail sector reached RMB 💯;10,668bn, representing a y/y increase of 13.9%. Compared to the second quarter of 2019, before the coronavirus crisis, this indicator ...
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In Q1 2021, the automotive sector in China witnessed strong growth in terms of production and sales compared to th༺e same period of 2020 when COVID-19 had a huge negative impact on the sector. The automotive production in Q1 2021 increased ...
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In the first quarter of 2021, China’s retail sector witnessed a surging popularity of e-commerce and a further digitalisation of t𝓡he retail industry. Alibaba and its major competitors JD.com ...
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In Q4 2020, the automotive sector in China continued to improve in terms of production and sales oꦡn the back of economic recovery and stronger market demand.🐼 The automotive production increased by 8.8% y/y to 8.2mn units. Output of ...
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In Q3 2020, the automotive sector in China continued to improve in terms of productio🔜n and sales on the back of economic recovery. The automotive production increased by 14.1% y/y to 6.8mn units. Output of passenger car and commercial ...
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While China is recapping itไs achievements at the end of the 13𝔍th Five-Year Plan (FYP) in 2020, it is also getting prepared to enter the next stage of development and at the same time dealing with the impact of the COVID-19 pandemic that abruptly ...
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Supported by a rebound of economic growth and an array of government policies to stimulate car consumption, the automotive sector in China witnessed double-ꦜdigit growth both in production and sales during Q2 2020. The automotive production ...
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The Asian region is home to some of the world’s biggest automotive brands, which has eventually resulted in the birth🍬 of local brands in some of the countries. The Asian countries featured in this report – China, India, Thailand ...
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China’s automotive market recorded the second consecutive year of decline in sales during 2019. According to statistics published by the China Association of Automobile Manufacturers (CAAM), the total motor vehicle saleꦦs in China reached 25.8mn ...
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