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Consumer China

Daphne International – riding the mass-market consumer wave

19 April 2012

Daphne’s mass-market, lower-tier positioning has driven strong sales and profit growth, but mounting competition and rising costs are likely to squeeze profits and margins this year.

RENMINBI COMPASS

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Renminbi Compass, a new research service launched by the FT, aims to act as a navigational guide through the expanding universe of renminbi asset classes. With the Chinese currency gaining ever-wider acceptance around the world and Beijing taking steps to open its capital account, we are broadening our research coverage to include not only equity funds but also all other important renminbi asset classes, such as chengtou bonds, dim sum bonds, real estate, trust products, underground banking, art, antiques and several others.