Consumer giants sceptical of China’s economic recovery
Richard Milne, Madeleine Speed and Oliver Ralph
Oslo | London | Paris | Carlsberg, Estée Lauder and AB InBev have warned of a sales slump in China, underscoring the difficulty for Beijing in reviving the fortunes of the world’s second-largest economy.
Chinese political leaders and the central bank in September pledged widespread stimulus measures to boost flagging economic growth that included interest rate cuts and support for the stock market.
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Financial Times
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