Companies across China are making changes to everyday products and adapting their business strategies to cope with rising costs and the country's economic slowdown, which is weighing on consumer spending. It is the thesis of a report of the @WSJ. [Chinese Companies Alter Products, Strategies to Offset Rising Costs – the Wall Street
Consumer-price inflation in the world’s second-largest economy has been relatively subdued this year, in contrast to the U.S., U.K. and other countries, where it recently hit multidecade highs. Weak demand in China has been a key reason, as well as many companies’ reluctance to charge more for their goods and services.
Like their global peers, businesses in China are dealing with cost pressures, including elevated prices of oil, grains, meat and other commodities. Rather than raising their retail prices, companies often try to ease the impact of higher expenses by shrinking package sizes or filling containers with less product. Some businesses have simply been absorbing the increases or using creative approaches to keep a lid on costs…
