Chinese spend more on diapers and Colgate despite economic woes | The Mighty 790 KFGO

Chinese spend more on diapers and Colgate despite economic woes | The Mighty 790 KFGO

By Jessica DiNapoliNEW YORK (Reuters) – Chinese shoppers are spending a little more on diapers and some Colgate toothpastes, according to executives at the makers of these products, even as consumers fret about the country’s property crisis and faltering economy.China’s economic slump after the pandemic has weighed on sales at consumer packaged goods companies, who had targeted the world’s second-biggest economy as a major source of growth.Investors and analysts are keeping…
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Source: https://kfgo.com/2024/04/29/chinese-spend-more-on-diapers-and-colgate-despite-economic-woes/