A woman wearing a protective face mask walks in a nearly empty shopping mall in Beijing on February 24. A recent survey of 900 consumers suggests that pent-up demand within China’s Tier-1 cities will help fuel a recovery. Photo: AFP
Opinion
Opinion
The View
Chinese consumer spending will rise again once the coronavirus crisis ends. Are businesses ready?
- Purchases of consumer goods were put off first by worries over the US-China trade war, and now by the Covid-19 outbreak
- A study indicates that consumers are waiting to unleash their pent-up demand, and brands should be prepared to capitalise
A woman wearing a protective face mask walks in a nearly empty shopping mall in Beijing on February 24. A recent survey of 900 consumers suggests that pent-up demand within China’s Tier-1 cities will help fuel a recovery. Photo: AFP