What’s the Guochao trend and what does it mean for global brands in China?
Inside Retail
AUGUST 9, 2023
This policy was established to shift China’s manufacturing-led economy to a more consumption-based economy due to the country’s falling GDP value between 2007 and 2010. Nike, the biggest sports brands in the world, has been losing its market share to local Chinese competitors, Li Ning and Anta, due to the Guochao trend.
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