date:Jul 27, 2012
A new report from China-based consumer research firm Kantar Worldpanel has found that FMCG sales growth has slowed across the countrys four key cities. Growth in Beijing, Shanghai, Guangzhou and Chengdu dipped to 11% in the second quarter ending 15 June (Q2) from 18% in 2011 for the same period.
Country-wide sector growth was pegged at 15%,slightly behindthe annual growth rate of 16%, the report said.
Jason Yu, general manager at Kantar Worldpanel, told that consumer willingness to spend has b