Affordability is not an issue for Chinese shoppers as disposable household income per capita has grown at a compound annual rate of 8.2 per cent over the past six years. Photo: Bloomberg News
Nimble Chinese firms outgrow foreign rivals in world’s second largest consumer market for sixth straight year
Domestic companies’ speed in responding to rapidly evolving consumer tastes in China helps them to achieve growth of 7.7pc in 2017 versus a mere 0.4pc for overseas competitors
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