According to the report presented by Kantar Worldpanel, FMCG in China grew by 3% in the first 8 weeks of 2022. The latest government statistics also revealed that the sales of Consumer Goods increased by 6.7%. A famous Chinese hospitality brand, ReceivedGifts, reached 19.2% of the total market valuation, while Yonghui reported a value share of 5.5%. SPAR and Walmart also reported a stable share of 1.7% and 5.1%, respectively, in the Chinese marketplace.
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