Chinese companies are changing their products and strategies to offset rising costs

Companies across China are changing their everyday products and adjusting their business strategies to cope with rising costs and the country’s economic slowdown, which are weighing on consumer spending.

Consumer price inflation in the world’s second-largest economy has been relatively subdued this year, unlike the US, UK and other countries, where it recently hit multi-decade highs. Weak demand in China was a major reason, along with the reluctance of many companies to charge more for their goods and services.


Wj

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