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Bottom lines of China consumer firms paint patchy picture of spending
Analysts say increased caution, sophistication will push them to innovate to fend off competitors
Consumption contributed the bulk of China's growth last year at nearly 65 per cent, but income growth didn't pick up, and a measure of China's income inequality rose slightly last year.
PHOTO: AFP
Shanghai
OFFICIAL numbers may suggest a rosier 2017 for China, but the bottom lines of the country's top consumer firms - from brewers to noodle makers and cinema chains - paint a patchy picture of spending in the world's second-largest economy.
Tsingtao Brewery Co Ltd, China's No...
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