Reaping the reward of growing China domestic consumptionThursday, July 25, 2019
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.
Reaping the rewards
The Global 50 report is our annual snapshot of the world’s 50 largest FMCG businesses. Now in its 17th year, it is the go-to source for the statistics and big themes that shape the sector