Young consumers’ spending on anime, comics, games and pop toys, alongside growing wellness expenditures by senior consumers, will continue to shape China’s consumption landscape this year, according to HSBC Holdings.
Against this backdrop, the coming nine-day Spring Festival holiday was set to benefit the food, hotel and tourism sectors, HSBC said in a trend report, adding that this tailwind would propel first-quarter growth in the food sector, particularly for snack food and dairy…
China needs silver and young spenders, plus policy support, for consumption growth: HSBC
