consumption
Coverage of consumption in the Nexus archive.
- Turnover at the top: 17 people have held title of China’s richest person in past 27 years
Seventeen Chinese entrepreneurs have held the title of the country’s richest billionaire in the past 27 years, four times more than in the US, according to Hurun Group, which attributes the frequency to China's market dynamism. Key figures include ByteDance founder Zhang Yiming, Nongfu Spring founder Zhong Shanshan, and Country Garden chairwoman Yang Huiyan, representing technology, consumption, and property sectors.
- Chinese leaders zero in on need for stimulus for economy
Chinese leaders are focusing on economic stimulus, with policymakers expected to prioritize high-tech sectors over a large-scale consumption push, according to analysts.
- China’s slowing economic growth boosts case for stimulus
China’s economy grew at 4.3% in Q2, the slowest pace in nearly four years, with first-half growth at 4.7%. Sluggish consumption amid the Iran war offset strong exports, though growth remains within Beijing’s annual target of 4.5-5%.
- As consumption worries persist, Hong Kong investors shun mainland Chinese F&B stocks
Hong Kong investors are avoiding mainland Chinese food and beverage (F&B) stocks due to ongoing concerns over weak consumption, which is affecting valuations. LXJ International's third listing application expired after failing to secure a hearing within six months, according to Hong Kong Exchanges and Clearing (HKEX) filings.
- Financing consumption through SMEs
Pakistan's SME policy has prioritized consumption over production, with 45.1% of business establishments in trade versus 9.8% in manufacturing. Bank lending data shows 40.6% of trade credit goes to SMEs, compared to 5.5% in manufacturing, despite manufacturing SME credit stock declining by 15.6 percentage points in five years. The focus on consumption-driven sectors hinders export growth and productivity.
- Rise of the robots: China releases plan aimed at increasing consumers’ AI options
Chinese authorities, through the Ministry of Commerce and seven other ministries, released a plan with 17 measures to integrate AI into consumption sectors like retail and consumer goods, aiming to boost growth via smart products, robots, subsidies, infrastructure, and standards.
- India's economic growth rate to weaken at 6.6% in FY27 on slower investments, consumption: BMI
Business Monitor International projects India's economic growth to weaken to 6.6% in FY27 due to slower investments and consumption. This projection aligns with the Reserve Bank of India's 6.6% growth estimate for the same fiscal year.