In China Businesses Cut Prices as Consumers Spend Less
Beijing hopes spending can spur growth, which has been dragged down by slowing real estate sales and exports. But shoppers are gravitating to discounts.
Source: nytimes.com
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Subway, Burger King compete in China's market expansion
ANN/CHINA DAILY – United States (US)-based fast food giant Subway set its sights on a significant expansion in the Chinese mainland with plans involving opening an additional 4,000 restaurants over the next two decades in the world’s second-largest economy, catering to the growing demand for submarine sandwiches among Chinese consumers. The expansion strategy gained momentum […]
Source: borneobulletin.com.bn
Luckin Coffee dethrones Starbucks in China
After a tumultuous start, Luckin Coffee has secured the top spot in China’s coffee market using a series of aggressive tactics.
Source: kr-asia.com