BEIJING, oct 26 โค(Reuters) – A growing โขwaveโ of pessimism โamong global companies operating in China is coinciding โwithโ a surge in โคconfidence among domestic firms, signaling a potential shift in teh economicโ landscape of โthe โคworld’sโ second-largest economy.โ foreign businesses are increasingly voicingโข concerns about regulatoryโ uncertainty, geopolitical tensions, adn slowing consumer demand, โฃwhile their Chinese counterparts are capitalizing on opportunities created by a changingโข market.
The shiftโ reflects a complexโ interplay of โfactors,โ including โchina’s economic โslowdown, its assertive foreign policy, and a intentional push byโข Beijing to foster self-reliance andโ innovation. Companies like Adidas, H&M, Ikea, and Inditex are navigating a challenging environment marked by increased competition โfrom local brandsโ and evolving โconsumer preferences. Concurrently, domestic players are stepping into the void leftโข by someโ Western โcompanies that have exited Russia, seeking to expand their market share and technological โcapabilities.
Helen Reid, a London-based reporterโค covering โคthe โEuropean retail sector for Reuters, focuses on companies including Adidas, H&M, Ikea, andโ Inditex,โ analyzingโ corporate strategy,โ consumer โtrends,โ andโข regulatoryโค changes. She also covers โmajor supermarket groupsโ likeโ 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 โJohannesburg.
Alexander Marrow,Reuters’ chief companiesโข correspondent for Russia,covers โthe Russian economy,markets,and โฃsectors including finance,retail,and technology. โคHis reporting centers on the Western corporate exodus from Russia and the rise of domestic companies filling the resulting gaps. Priorโข to joining Reuters,Marrow contributed to โSky Sports News’ coverage of the 2016 Olympics in โBrazil and the โ2018 World cup in Russia.