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"China's long-term consumption potential is vast and the country's savings rate is decreasing while consumption rate is rising. The country is already the world's largest retail market. Even if it grows at a slower pace, it will still be the fastest-growing market in the world," Huang said.
"China's long-term consumption potential is vast and the country's savings rate is decreasing while consumption rate is rising. The country is already the world's largest retail market. Even if it grows at a slower pace, it will still be the fastest-growing market in the world," Huang said.
"Clearly, artificial festivals like Dec 12 play a role in boosting discretionary spending. Elements of the festival, such as countdown shows and celebrity endorsements help to drum up the mood for spending," Qi noted.
"China's 'new infrastructure' initiative presents exciting opportunities for global companies. It is clear that many of our customers in different sectors need to enhance their manufacturing capability, such as new energy vehicles, railway, 5G equipment, logistics and healthcare," said Atiya, who is also a member of ABB's group executive committee.
"Chinese companies need to make essential moves now including deciding where to play, developing a road map to access the tech stack and deciding the right alliance and ecosystem strategy," Thomas said.
