China retailers plan to buy more imported goods to meet consumer demand

23-Jul-2019 Intellasia | South China Morning Post | 6:02 AM Print This Post

Chinese retailers and wholesalers plan to increase their purchases of imported products because demand for them among Chinese shoppers remains strong, according to survey results published by China’s Ministry of Commerce.

Some 9.7 per cent of the 945 retail and wholesale firms that responded to the Ministry of Commerce survey said they would increase their consumer product imports in the next year, 2.5 percentage points higher than those planning to decrease their purchases.

Of 1,059 consumers surveyed, 24.1 per cent planned more purchases of imported products, with strong demand for food, maternal and infant products, cosmetics, watches and glasses, jewellery and passenger vehicles.

Nearly 80 per cent of the consumers who responded to the survey said they had bought imported consumer products at least once. According to 41.7 per cent of the surveyed consumers, such purchases accounted for more than 10 per cent of their buying in a particular product category.

A product’s brand name and reputation was the top consideration when retailers and wholesalers imported consumer products, while safety also mattered in food and maternal and infant products, while design was important in apparel and jewellery choices, the survey showed.

The survey is part of the ministry’s efforts to help prepare for the second China International Import Expo, which will be held in Shanghai from November 5 to 10 this year.

China’s imports totalled 6.72 trillion yuan (US$977 billion) in the first half of this year, up 1.4 per cent from the same period a year earlier.

https://sg.news.yahoo.com/china-retailers-plan-buy-more-133018156.html

 


Category: China

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