Falling home prices and fears about job prospects will deter Chinese consumers from freely spending on goods such as clothes and home appliances, weighing on the nation’s retail sales growth, according to UBS, reports the South China Morning Post. Retail sales are expected to climb 5.5% in 2024, one percentage point lower than the estimated 6.5% rise…
Michelle Shen: Thank you, Zack. Hello, everyone. Thank you for joining Yum China s third quarter 2023 earnings conference call. On today s call are our CEO, Ms. Joey Wat; and our CFO, Mr. Andy Yeung.