The Chinese consumer sector looks vastly different today compared with just five years ago. The retail environment—both offline and online—has shifted, consumers have become savvier omnichannel shoppers, and local consumer-packaged-goods (CPG) manufacturers are giving global players a run for their money.
While mobile commerce is big in China – one-third of total online shopping in China is done through mobile – Southeast Asia’s mobile commerce is on a faster growth trajectory than the Dragon.
The regulation was issued in March 2016 and was intended to eliminate subprime borrowers and speculators and therefore contain the property buying frenzy. But the bubble persists.
A Thai trade delegation led by Deputy Prime Minister Somkid Jatusripitak is now on a road-show in China and will be signing an agreement with Alibaba Group to setup an E-Commerce network for the country.
China is eating up a larger chunk of the world’s shrinking trade pie.
China is a huge-potential market, with a great distribution system and a love of Thai food. Clearly there is great potential for a mutually-beneficial food partnership between Thailand and China.