Fergus Naughton

Senior Analyst, China Research
+86 10 5960 3315

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Recent China research

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China’s retailers adapt to changing market conditions

Overview

Investor focus turns cyclically to China’s consumer retail sector as a defensive play when domestic economic growth forecasts become less clear. Total growth in consumer sales has been sliding along with the slowing economy, as reflected in the disappointing net profit figures for many retailers in H1/13 and Q3/13. Some international supermarket chains are readjusting their Mainland strategy, while others are quitting the market altogether. Meanwhile, home-grown firms are taking...

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