BEIJING, oct 26 (Reuters) – A growing wave of pessimism among global companies operating in China is coinciding with a surge in confidence among domestic firms, signaling a potential shift in teh economic landscape of the world’s second-largest economy. foreign businesses are increasingly voicing concerns about regulatory uncertainty, geopolitical tensions, adn slowing consumer demand, while their Chinese counterparts are capitalizing on opportunities created by a changing market.
The shift reflects a complex interplay of factors, including china’s economic slowdown, its assertive foreign policy, and a intentional push by Beijing to foster self-reliance and innovation. Companies like Adidas, H&M, Ikea, and Inditex are navigating a challenging environment marked by increased competition from local brands and evolving consumer preferences. Concurrently, domestic players are stepping into the void left by some Western companies that have exited Russia, seeking to expand their market share and technological capabilities.
Helen Reid, a London-based reporter covering the European retail sector for Reuters, focuses on companies including Adidas, H&M, Ikea, and Inditex, analyzing corporate strategy, consumer trends, and regulatory changes. She also covers major supermarket groups like Ahold Delhaize, Carrefour, and Casino, with a special interest in sustainability and investor pressure for corporate change.Previously, Reid reported on the mining industry from Johannesburg.
Alexander Marrow,Reuters’ chief companies correspondent for Russia,covers the Russian economy,markets,and sectors including finance,retail,and technology. His reporting centers on the Western corporate exodus from Russia and the rise of domestic companies filling the resulting gaps. Prior to joining Reuters,Marrow contributed to Sky Sports News’ coverage of the 2016 Olympics in Brazil and the 2018 World cup in Russia.
