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
Tue, Apr 04, 2017 - 5:50 AM
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.
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.