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China's FMCG Market Grew Slowly In 1Q 2017, Report Says

May 4, 2017: 12:00 AM EST
In China, spending on fast moving consumer goods grew slightly by 1.7 percent year on year in the first quarter of 2017, according to Kantar Worldpanel. Compared with the previous year, the country's GDP grew 6.9 percent, boosted by a government infrastructure focus and a hot housing market. Of the country's top 5 retailers, Sun Art, Vanguard, and Walmart were able to maintain their market ranking during the year. While Carrefour saw its market share drop by 0.1 point, local retailer Yonghui's share grew from 2.6 percent to 3 percent in the first quarter of 2017.
outpaced the market by opening more stores Jason Yu, "FMCG growth remained challenging in the first quarter, while local retailers outpaced the market by opening more stores", Kantar Worldpanel, May 04, 2017, © Kantar Worldpanel
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