IKEA China Confident in Chinese mainland’s Growth at CIIE
IKEA China’s SVP Aleksey Efremov highlights the Chinese mainland market’s potential and shares how partnerships and local insights are driving global opportunities.
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IKEA China’s SVP Aleksey Efremov highlights the Chinese mainland market’s potential and shares how partnerships and local insights are driving global opportunities.
In August, China’s economy stayed stable with retail sales up 3.4% and industrial output up 5.2% year-on-year, according to National Bureau of Statistics data.
Sichuan’s retail sales jumped 5.6% Jan–July, topping 1.65T yuan. Discover how digital vouchers, pop-up markets and livestream shopping fuel a cozy urban lifestyle.
Chinese mainland retail sales rose 3.7% in July, signaling renewed consumer confidence and digital consumption trends across major markets.
The Chinese mainland’s trade-in program has driven over 109 million appliance swaps, generated 1.1 trillion yuan in sales and lifted consumer goods retail growth to 5%.
Retail sales on the Chinese mainland jumped 6.4% in May, marking the fastest growth since December 2023. Holiday spending, subsidies, tourism and early shopping festivals sparked the surge.
China unveils a three-year action plan to optimize the consumer environment, aiming to boost domestic consumption and enhance retail growth.
Online retail sales in the Chinese mainland surged 8.8% to $1.71 trillion from January to October, driven by shopping festivals and trade-in policies.
The Chinese mainland is launching nationwide consumption promotion events in November to boost domestic demand and support economic growth, focusing on major cities and introducing incentives.
China’s tourism spending rebounds with trips and spending soaring post-pandemic, offering new opportunities for global retailers and brands.