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Growth in online sales highlights the opportunities in China’s new economy - NAB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Delhi) – Gerard Burg, Research Analyst at NAB, notes that the China’s online retail sales have rapidly expanded in recent years, as rising disposable incomes and growing internet penetration have supported the sector’s growth.

    Key Quotes

    “This trend was highlighted by the recent Singles’ Day sales – November 11 – which set a new global record for online sales, making it the biggest global online shopping day of the year. Growth in online sales also points to the stronger performance of China’s services sector, relative to the deterioration in heavy industry.”

    “Record sales in 2015’s Singles’ Day, combined with strong growth more generally across the first half of the year highlights the opportunities in China’s new economy – with growth in the services sector generally less observed than the slowdown in heavy industry. Even though China is already the largest online retail market, the modest per capita spend suggests growth can continue, particularly if household incomes continue to grow in coming years.”
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