Bloomberg Daybreak: Asia Edition
China's 618 Shopping Festival, Data Dump Recap
Jun 18, 2024
The podcast features Jing Liu from HSBC, Andrew Slimmon from Morgan Stanley, and James McIntyre from Bloomberg discussing topics like consumer behavior in China's 618 Shopping Festival, economic trends, home buyers' concerns, foreign investment, inflation measurements, market trends, and Australia's economic prospects.
22:29
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Quick takeaways
- China's 618 festival sees consumer behavior shifts towards year-round discounted pricing and older generation trading programs.
- Inflation concerns arise with bullish market sentiments and market leadership in tech firms, while Australia's economic growth faces challenges.
Deep dives
China's Changing Consumption Patterns
China's shopping festivals like the 618 festival witness shifts in consumer behavior post-pandemic with less focus on specific shopping events. There is a move towards year-round discounted pricing. The older generation also participates in trading programs for durable goods. Service-related consumption has seen accelerated growth post-COVID, outpacing goods retail sales.
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