"Noodles in China" Published
Although sales are expected to continue to grow in 2013, dominant product area instant noodles will see a slight slowdown in current value growth to 10%, dropping from 12% in 2012. This will mainly be due to China's sluggish economic condition. GDP growth in the first quarter of 2013 was reported as below 8%, far lower than expectations. With a slowdown in economic growth and high inflation, consumers and especially housewives are becoming more price-conscious when grocery shopping. Increasing...
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