With the holiday season coming up, shoppers all over the United States are preparing for Thanksgiving weekend. Unlike the general perception of a sizeable majority of the American public, Black Friday and Cyber Monday are nowhere near the biggest shopping events in the world. That title is reserved for Singles’ Day, the biggest shopping festival in China.
globalEDGE Blog - By Author: Shankho Bhattacharjee
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China currently has a Coface rating of B for Country Risk and B for Business Climate. With high levels of foreign exchange reserves, there is a very low level of the overall risk of over-indebtedness, and the structure of a highly competent service industry with reliable infrastructure makes the market potential, comprised of several key factors, in China even stronger. However, it cannot be denied that investing in China as a manufacturing firm is beneficial but leaves the risk of counterfeiting and intellectual property violations on account of a collectivistic culture.
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Indian apparel exporters have got some things to worry about on their hands: the flat growth of apparel demand in the United States for the last eight months and the severe demand slowdown in the European Union (E.U.). Retail sales in the U.S. have remained flat during 2019, following growth of approximately 4.6 percent during 2018. What might follow this is an undoubted effect on order flow but could also result in a renegotiation of trade regulations and the receivable cycle for Indian exporters.
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The dominant generation of the post-financial crisis era, millennials followed Generation X when it came to be accumulating massive amounts of debt. For millennials, it was student loans, and for GenX, mortgages. Although most millennials entered workplaces with high student debt, their spending power and surveys indicate that this holiday season, millennials are indeed going to deck the halls with jolly, jolly spending.