The Big Call
Home appliance sales recovered in October and early November as the broader economy warmed up, our survey of home appliance retailers in nine provinces has revealed.
An estimated 50m core white-collar workers are at the vanguard of modern Chinese consumerism, driving the rise of a retail and service universe that emphasises convenience above all else.
While a number of domestic and foreign convenience stores are expanding rapidly to service cash-rich, time-poor consumers, Japanese brand FamilyMart appears to be leading the way.
Extensive product selection and efficient same-day deliveries have driven strong customer loyalty for the specialist online grocery retailer, in which Walmart owns a controlling stake.
Having benefited from the rise of e-commerce over the past decade, China’s largest express-delivery firm has now launched its own online shopping site.
Consumer review and group-buy website Dianping has built up a strong user base and attracted several rounds of investment ahead of a possible future IPO.
Online dating site Jiayuan has begun to turn a profit, but faces growing competition and soaring marketing costs due to weak user stickiness.
Market leading instant-noodle maker Tingyi is expanding its product portfolio to cater to changing white-collar tastes.
Changing lifestyles, rising incomes and improved transportation and logistics have driven strong growth for General Mills’ Chinese frozen-food brand.
The US fast-food giant has adapted its food offerings and business hours to tap into the shifting demands of its Chinese customers.
Rising farm machinery and rural vehicle ownership, and a bumper 2012 harvest lifted the China Confidential Rural Wealth Index to 53.4 in October.
Non-performing loans are down according to listed banks’ 3Q12 results but a rise in accounts receivable at companies may soon shatter this illusion that bad debts are receding.
A selection of key financial data over the past fortnight.
Capital Intensive China
China has a long way to go in terms of housing and infrastructure provision, suggesting that investment still has an important part to play in the economy.
Best of Chinese Commentators
Economists and academics discuss the significance of a widening of financing channels and an increasing use of open-market operations to manage liquidity.
Commentators discuss the significance of new GDP and per-capita income targets unveiled at the 18th National Congress of the Chinese Communist Party in Beijing.
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.