Chinese retailers’ pricing strategy risks ‘vicious cycle’ of low margins
Inside Retail
DECEMBER 19, 2023
Falling income growth is normalising lower consumption in China, with some industries experiencing declining revenue, as “companies are lowering prices to maintain their market share and avoid being squeezed out,” said Wang Dan, a Shanghai-based economist at Hang Seng Bank. For me, the cheaper the better,” he said.
263 
Let's personalize your content