China’s 1.3 billion consumers have fueled the growth of B2C brands worldwide for decades. Across categories, they now account for a large chunk of multinationals’ global revenues: 41% for Volkswagen, 33% for cinema group Imax, and 20% for Apple and Adidas. But simply taking your brand to China is no guarantee for growth. The […]
It might seem paradoxical that, while China’s slowing economy makes headlines, many of our international clients selling to China continue to experience and project double-digit growth. But several trends support and help explain their optimism: RISING CONSUMPTION: With consumption accounting for 3/4 of GDP growth in 2018, China is leaving behind government investment and exports as […]
In 2019, the Chinese economy is expected to see its slowest rate of expansion in 30 years. In October 2018, the International Monetary Fund (IMF) lowered its forecast growth rate for China from 6.4% to 6.2%, citing the “negative effect of recent tariff actions”. Will the government be able to soften this slowdown? It’s certainly trying. Beijing has started loosening its […]
We at Fiducia have embarked on a transformation based on what we perceive as the most significant generational and technological changes in our market – a new reality that we call “China 2.0”. Managing Director Stefan Kracht explains why and how he is planning to turn our 36-year old business into a truly people-focused organisation. What prompted you to consider an HR transformation? […]
Our Leaders’ Circle event brings together China-based high-level executives from international companies to discuss, in an intimate roundtable setting, how specific business trends are unfolding on the ground. Held in Beijing, Shanghai, and Hong Kong – three times a year at each location – it gives us and participants a unique opportunity to share experiences and gain insights. […]
Retail: Beating the Odds The escalating trade war has sparked fears of a slowdown in Chinese consumer spending. Retail sales have, indeed, grown at a slower pace this year. But “Singles Day” – the annual online shopping frenzy that has become a barometer of Chinese consumerism – broke records. Sales growth slowed down but was still double-digit. More importantly, China […]