LONDON : Unilever said on Thursday it expects a 'consumption boom' in China as lockdowns ease, flagging $1.5-$2 trillion in 'excess household savings' it believes could boost its sales in the country and in Southeast Asia.After almost three years of a 'zero-COVID' strategy, Beijing dropped restrictions al
LONDON : Unilever said on Thursday it expects a"consumption boom" in China as lockdowns ease, flagging $1.5-$2 trillion in"excess household savings" it believes could boost its sales in the country and in Southeast Asia.
"If you look at things like air flight bookings, travel and hotels, cinema occupancy, China's coming back quite quickly," Jope said. The country's economic activity swung back to growth in January, with domestic orders and consumption driving output higher.
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