Global Brands Face Mounting Pressure in China as Domestic Competitors Gain Market Share
Major global corporations are rethinking their China strategies amid economic challenges and shifting consumer preferences. Reports indicate domestic brands are gaining significant market share across multiple sectors, forcing international players to adapt their approaches.
Economic Shifts Reshape China Business Landscape
Global companies operating in China are reportedly facing sustained challenges as economic conditions and consumer behavior shifts create what analysts suggest is a “new normal” for foreign businesses. According to Reuters reporting, executives from multiple sectors are reconsidering their strategies in the world’s second-largest economy as China experiences deflationary pressures and subdued consumer demand.