Cautious consumer spending to continue – Shaun Rein

Image by Fons1 via FlickrShaun Rein of the China Market Research Group (CMR) explains to the newswire Bloomberg why he remains cautiously optimistic about consumer spending in China, although the number of optimists in China dropped from 70 percent in December to 60 percent now.
While big ticket items like real estate and cars might still see huge problems, Rein list a group of industries, including cheaper restaurants, online games and e-commerce who might actually benefit from the current economic downturn.

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Shaun Rein is a speaker at the China Speakers Bureau and he will participate in a Global China Chat on consumer confidence in February. Click here for more information, or go to our website to register for our newsletter.

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