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Consumersi

News about consumer spending and shifting shopping habits from around the world with a focus on developments in Hong Kong and mainland China.

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Economist Richard Koo’s theories influenced Western policy decisions after the global financial crisis, and now he has strong words for Chinese policymakers on the need for fiscal stimulus to ward off a ‘balance-sheet recession’.

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With consumption taking a hit in fraught economic times, safe-haven investments are outshining discretionary diamond purchases in the eyes of many Chinese buyers.

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Indian Gen Z and millennials are driving a new trend for gourmet and artisanal ice creams, with brands offering flavours inspired by everything from local cakes and desserts to chilli and street food.

China’s property investment fall accelerated in the first four months of the year, while retail sales growth slowed in April, data released on Friday showed.

Environmental sustainability is a leading concern for the younger generation, and they have been pushing businesses to take more action on climate change, according to a Deloitte survey.

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Chinese electric vehicle (EV) maker Nio plans to stay on the sidelines amid a bruising price war in the sector, even after it launched a new mass-market brand to target budget-conscious consumers.

Hoka, the running shoe brand known for its thick soles, is opening two stores in Hong Kong this year as it ramps up its presence in Asia amid a fitness and health boom.

Popular chain Bakehouse and long-time operator Kee Wah Bakery hope new rules will help them deliver made-in-Hong Kong goods to hungry consumers across the border.

The company is investigating how rodent parts got into packets of sliced ‘chojuku’ bread, but says it is unaware of anyone failing sick after eating it.

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The Labour Day holiday saw a surge of tourism in China, setting records and providing a boost to consumption at a time when the country is looking to solidify its economic recovery.

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Beijing has introduced measures aimed at boosting inbound tourism, including visa-free travel for a number of European and Southeast Asian countries.

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More than 46 per cent of urban residents polled by People’s Bank of China say job market is ‘uncertain’, while 62 per cent aim to save more, in continued challenge for policymakers counting on domestic consumption to propel the economy.

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Mainland China-based chains including Lam Heung Ling, Jo’s Cha, Linlee, The One Lemon Tea and LMM have set up shops in Hong Kong recently. Analysts assess their chances.

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A growing ‘she-conomy’ in China is leading to the working-age female population playing a leading role in personal spending and family purchases amid Beijing’s shift away from an investment-led growth model.

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China’s top three premium EV makers posted mixed sales last month, as companies remain entrenched in a price war in the world’s largest car market that shows no signs of ending.

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