日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Economy

Foreign companies bet on China's consumers

(Agencies) Updated: 2016-02-04 07:54

Foreign companies bet on China's consumers

A super whopping burger at a McDonald's store in Wangfujing area in Beijing. The fast-food giant has renovated this flagship outlet and made it China's first smart McDonald's restaurant. [Photo/China Daily]

Coffee shops, burger bars, tissue makers and clothes stores thrive even as industrial companies suffer due to economic slowdown

Coffee shops, burger bars and clothes stores are among the foreign businesses in China that say they are thriving despite the economic slowdown that is hurting the manufacturing sector.

A Reuters examination of comments or recent statements from 34 large publicly traded foreign companies that updated investors on their China operations shows a diverging experience between sectors.

Eighteen of the companies had products focused on consumers, and 13 of these said sales grew in the fourth quarter or full year with just three down and two flat. Of the eight industrial companies in the search, six reported weakness in China or falling sales.

Coffee shop chain Starbucks, Sweden-based tissue maker SCA, fashion group Hennes & Mauritz and fast-food seller McDonald's are seeing strong growth despite the economy expanding at its slowest pace since 2009 in the fourth quarter.

"The success we are enjoying in China is really kind of highlighted by this past quarter," said Howard Schultz, chairman and CEO of Starbucks, which like many foreign companies does not break out China operating results in its accounts. He was speaking on a Jan 21 call with investors.

"We opened over 150 stores in China this past quarter, the most we've ever opened in our history."

McDonald's said its fourth-quarter comparable sales increased 4 percent in China, and it plans to open more than 250 restaurants this year, the highest in any of its markets.

"We remain confident in the potential of this important market and in the strategies we have in place to expand the brand even further," Steve Easterbrook, McDonald's corporation CEO, told investors on Jan 25.

Magnus Groth, CEO of SCA, which makes diapers, said the rate at which China's population was shifting from being poor and rural to an urban middle class, was unmatched in other emerging markets, creating huge opportunities for his business.

But in the industrial sectors, the outlook was less rosy.

Construction goods maker Caterpillar and Germany's Siemens are among the industrial companies that suffered last year. US-based United Technologies Corp, which makes elevators and refrigeration units, predicted even lower sales in 2016.

"Short-cycle (industrial) business was affected by double-digit decline in China," Siemens CEO Joe Kaeser told investors last week. "China is going to be slow and it remains to be seen whether we see a sustainable demand-related pick-up."

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 无码激情做A爰片毛片A片小说 | 成人app色深夜福利 欧美电影一区 | 日韩中文字幕免费在线观看 | 欧美午夜色视频国产精品 | 九九九热在线精品免费全部 | 色黄网站在线观看 | 97一本大道波多野吉衣 | 久久99精品视频 | 国产特黄级AAAAA片免 | 黄色免费观看 | 免费精品美女久久久久久久久久 | 波多野结衣在线看片 | 国产成人综合欧美精品久久 | 午夜影院免费 | 边摸边吃奶边做激情叫床文章 | 日韩欧美在线视频 | 日韩欧美国内 | 国产一区二区三区免费 | 国产日韩中文字幕 | 久久黄视频 | 91资源在线观看 | 黄色小视频在线观看 | 日韩精品一区二区三区中文字幕 | 蜜桃网在线观看 | 天天拍夜夜添久久精品中文 | 久久在线中文字幕 | 欧美精品一区二区精品久久 | 一区二区三区回区在观看免费视频 | 国产三级成人 | 日韩精品第一页 | 一级欧美毛片成人 | 波多野结衣一区二区三区 | 在线观看国产视频 | 欧美三级视频在线观看 | 亚洲欧美日韩精品久久奇米色影视 | 中文字幕日韩在线 | 国产精品香蕉 | 第三级视频在线观看 | 欧美高清观看免费全部完 | 国产网红主播chinese | 精品久久久久久久久久 |