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As China and the US prepare for a new round of trade talks and the US President's upcoming visit to China, global attention is turning to renewed momentum in China's consumer market. Analysts say Chinese consumers are shifting toward "better quality at better value" while international brands are already seeing a rebound in momentum. Joanne Crevoiserat, CEO of Tapestry Inc., said the company has delivered double-digit growth in China for several consecutive quarters, adding that China is not only expected to become its fastest-growing market over the next years, but also a source of innovation and inspiration for its global business.
As China and the US prepare for a new round of trade talks and the US President's upcoming visit to China, global attention is turning to renewed momentum in China's consumer market. Analysts say Chinese consumers are shifting toward "better quality at better value" while international brands are already seeing a rebound in momentum. Joanne Crevoiserat, CEO of Tapestry Inc., said the company has delivered double-digit growth in China for several consecutive quarters, adding that China is not only expected to become its fastest-growing market over the next years, but also a source of innovation and inspiration for its global business.