Cheaper Chinese brands help consumer electronics boom
Market research firm GfK notes surging sales of large appliances in the last quarter of 2023
07 May 2024 - 05:00
New data from local market research firm GfK shows a surge in sales for technology and durable goods in the fourth quarter of 2023, helped — in part — by cheaper Chinese brands.
The firm says this marked a departure from the preceding months, which were characterised by subdued consumer spending...
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