China just reported 6.2% quarterly economic growth -- the slowest in the past three decades. Domestic consumption continues to be an important growth driver for China - June retail sales reached 9.8% - better than many expected.
Our recently launched 2019 Global 50 report also highlighted two Chinese companies who are in the global top 50 FMCG companies list - Yili and Kweichow Moutai, both growing at double digits year-on-year. Yili continues to reap the growth from Chinese consumers' hunger for dairy / nutritional products, while Moutai shows the power of a brand to charge premium in China market.
If you are interested, you can find out more about the latest global FMCG trends in our 2019 Global 50 report:
China, meanwhile, reported robust domestic consumption in June, with retail sales up 9.8 per cent, beating most analysts’ expectations and marking a sharp increase from the 8.6 per cent recorded in May.