A customer shops at a supermarket in Handan, Hebei province. Chinese consumers are spending more on essential items than on luxury goods. Photo: Reuters

Chinese consumers spend more on essentials like oyster sauce but cut down on wine as they tighten spending amid slowing economy

  • Average price of fast-moving consumer goods in the first nine months of this year on the mainland increased 3.7 per cent, much slower than the 4.6 per cent a year earlier, according to China Shopper Reporter 2019
  • Sales of oyster sauce jumps 30 per cent, while that of wine falls 3 per cent
Topic |   Consumers

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A customer shops at a supermarket in Handan, Hebei province. Chinese consumers are spending more on essential items than on luxury goods. Photo: Reuters
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Pearl Liu

Pearl Liu

Based in Hong Kong, Pearl covers the property market in the city and China and follows major listed developers. She previously worked at The Straits Times and has also contributed stories to China Daily.